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Charts of the day: 6 new record highs – US breweries, world stock market cap, world trade, world output, US gas, US oil
View related content: Carpe Diem
1. Welcome to the Golden Age of Beer (above). The number of US breweries reached a record of more than 6,000 at the end of last year, according to the Brewers Association. That’s an eye-popping three-fold increase in the number of breweries in just six years since 2011, and the 700 increase in breweries in 2017 is almost two new US breweries every day last year. Carpe humulus.
2. Global Stock Market Rally (above). According to the London-based World Federation of Exchanges, the world stock market capitalization increased more than 25% over the last year and reached a new record-high of almost $90 trillion in January. Think about it this way: It took thousands of years for the value of world stock markets to reach $45 trillion in November 2006. It then took less than 12 years for the market capitalization of world stock markets to increase by another $45 trillion at the end of last month!
3. World Trade and World Output (above) both reached new all-time monthly record-highs in December 2017, according to data from CPB Netherlands Bureau for Economic Policy Analysis. On a year-over-year basis, world trade (adjusted for inflation) increased by 4.6% and world industrial production (adjusted for inflation) increased by 3.9% through last December.
4. US Natural Gas Production (above) reached a new, all-time record monthly high in December of last year of nearly 3 trillion cubic feet, according to data released today by the Energy Information Administration. Carpe Naturalis Gas.
5. Weekly US Crude Oil Production (above) reached another new historical production record of 10.28 million barrels per day in the week ending last Friday (February 23) according to data released today by the Energy Information Administration. That new production record represents an increase of more than one million barrels per day from the output of 9.03 million barrels per day a year ago. Peak what? Carpe oleum.
Bonus Graphic of the Day (below), from Garry Trudeau.