Morning all. In honor of the 600st edition, I am switching to English from now on! Stoan Coal English, is what the world is waiting for!

(bron: http://www.businessinsider.com/four-official-recession-indicators-got-a-lot-stronger-today-2012-8)

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And specially for the occasion, the S&P is at a new all-time high! Yes it is, if you take dividends into account???

?????????????????? http://blogs.wsj.com/marketbeat/2012/08/13/dividends-matter-part-754/

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The main message from yesterday???s European GDP figures: divergence

?????????????????? http://www.zerohedge.com/news/european-q2-gdp-contracts-02-german-growth-beat-offset-plunge-zew

?????????????????? http://epp.eurostat.ec.europa.eu/cache/ITY_PUBLIC/2-14082012-BP/EN/2-14082012-BP-EN.PDF

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Nice charts showing two key drivers what determines the profits earned by US companies abroad

?????????????????? http://www.businessinsider.com/strong-dollar-revenue-2012-8

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How to lie with statistics the hard way: relationship between central bank balance sheet and inflation???

?????????????????? http://www.econbrowser.com/archives/2012/08/central_bank_ba.html

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The rise and rise of internet???Spot the 2008-2010 crisis, if you will???

?????????????????? http://www.bespokeinvest.com/thinkbig/2012/8/14/non-store-retailers-continue-to-steal-share.html

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All you ever wanted to know about sovereign debt restructuring, but where afraid to ask: VERY comprehensive study by the IMF

?????????????????? http://www.imf.org/external/pubs/cat/longres.aspx?sk=26190.0

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Apparently, this chart shows that there are important bottoms in years ending with a two. Pity that the 2011-12 pattern appears to be the odd one out though…

?????????????????? http://www.businessinsider.com/bofa-strong-stock-market-bottoms-years-ending-with-2-2012-2012-8

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Study of the NBER titled ???The Great Leveraging???. On banking, crisis and economy.

?????????????????? http://www.nber.org/papers/w18290.pdf?new_window=1

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Nice chart showing credit card debt in the US.

?????????????????? http://www.zerohedge.com/contributed/2012-08-14/fair-isaac-may-get-treated-unfairly-when-newest-credit-bubble-bursts-0

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Get it while it is still hot: German real estate is the next safe haven according to CNBC

?????????????????? http://www.cnbc.com//id/48656785

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