Wall Street Daily | Jan 04, 2013 11:20AM ET
It’s Friday in the Wall Street Daily Nation. And longtime readers know what that means…
I’m selecting a handful of graphics to put important economic and investing news into perspective.
This week, I’m dishing on non-stop government spending, the importance of emerging markets and the next sovereign debt crisis.
So say “goodbye” to long-winded commentary. Instead, say “hi” to easy-to-understand pictures and some quick-hit observations.
Certainties: Death, Taxes… And More Government Spending
Finally! Congress reached a compromise to avert the dreaded Fiscal Cliff.
Don’t worry about all the details contained in the 154-page bill, though. This graphic tells us all we need to know.
As you can see, all the new taxes don’t go very far towards covering up Washington’s spending problem for the coming year.
Lest you think I’m manipulating statistics to try to hide a delayed benefit, here’s another chart from the non-partisan CBO. It shows the impact of the compromise over the next decade.
I still see a (spending) problem somewhere -- do you?
Definitive Proof That Emerging Markets Matter
Do you doubt the significance of emerging markets? Here’s proof that they’re a really, really big deal.
And yet, according to BlackRock, investors only allocate 5% of their capital on average to emerging markets.
Call me crazy, but I bet that allocation goes up in the future – and rightfully so.
If you want to get a head start, a little birdy mentioned something about South Korea. (Details are Original post
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