Debt - Correlation Structure and Dynamics

Imaging and Trends

6-Jun-05

Published 7-Jun-05

24-May-05: The Day Debt Became Uncorrelated with All the Other Variables in the State of the World. Debt Correlations -- 1-Apr-05 - 6-Jun-05

23-May-05. Bank of America Corp., Wachovia Corp., Commerce Bancorp, and PNC Financial Services Group Inc., are reportedly notifying about 676,000 customers potentially affected by a security breach. The breach allegedly implicates bank employees and a collection agency. [1-4]

24-May-05. The House of Representatives approves a bill to provide federal government funding for embryonic stem cell research [1].

24-May-05. Insurgents kill 9 U.S. soldiers over 24 hours [1]; 14 over 36 hours [3]. Surge in violence also killed about 60 Iraqis over 36 hours [3].

24-May-05. Warren E. Buffett to buy PacifiCorp from Scottish Power for approximately $5.1 billion in cash and $4.3 billion in net debt and preferred stock [1-4].

25-May-05. Irene Khan, Secretary General, Amnesty International: "Governments are betraying their promises on human rights. A new agenda is in the making with the language of freedom and justice being used to pursue policies of fear and insecurity. This includes cynical attempts to redefine and sanitise torture." [1]

25-May-05. Moscow blackout disrupts the activities of about 2 million Muscovites, including 20,000 passengers in metro trains [1,2].

Education/Research References and Links:

2005Q2

Correlations of Debt with the Topics in Each Group

Index Type: 30-Day Indices%; Rolling Correlation Window: Rolling 30-Day

CS9-7-Jun-05

M-46