Good morning. Conveniently this chart does not start somewhere in the 50s??? As a reminder: tonight is the Best of the Web drinks! Details available on request.

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Weaker than expected data, once again for Japan??? Industrial production down 1.2%…

?????????????????? http://www.reuters.com/article/2012/08/31/us-japan-economy-output-idUSBRE87U01C20120831

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And today the start of Jackson Hole: what will Bernanke say????

?????????????????? http://www.reuters.com/article/2012/08/31/us-markets-global-idUSBRE86F00620120831

?????????????????? http://online.wsj.com/article/SB10000872396390443618604577621363491014318.html

?????????????????? http://www.zerohedge.com/news/what-expect-bernanke-j-hole

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How Americans spend their time??? They somehow manage to handle the kids in 34 minutes! 🙂

???and they read about 7 minutes a day. On average that is

?????????????????? http://www.zerohedge.com/news/what-americans-actually-do-all-day-long-three-charts

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For them German speaking readers out there M??nchau: ???Deutschland ist erpressbar geworden???

?????????????????? http://www.spiegel.de/wirtschaft/service/deutschland-ist-durch-angela-merkels-politik-erpressbar-geworden-a-852708.html

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???Past returns are not a reliable guide to the past??? Should be worth the read, I think.

?????????????????? http://www.towerswatson.com/assets/pdf/7882/TW-NA-2012-Past-Returns.pdf

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Interesting read on the future of Chinese iron ore demand: low per capita consumption, or high steel intensity?

?????????????????? http://ftalphaville.ft.com/blog/2012/08/30/1126061/the-ever-increasing-hunger-for-steel/

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Brussels aims for a central banking control by the ECB, even though the ECB and Germany want a less centralized approach

?????????????????? http://www.ft.com/intl/cms/s/0/1f8cacda-f2b0-11e1-8577-00144feabdc0.html

?????????????????? http://www.ft.com/intl/cms/s/0/d270a89e-f213-11e1-8973-00144feabdc0.html

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Food prices jumped 10% according to the World Bank. Watch emerging markets inflation go up again???

?????????????????? http://www.worldbank.org/en/news/2012/08/30/severe-droughts-drive-food-prices-higher-threatening-poor

?????????????????? http://www.reuters.com/article/2012/08/30/us-worldbank-food-prices-idUSBRE87T18P20120830

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Is there a bubble in the making in Canada

?????????????????? http://www.creditwritedowns.com/2012/08/canadas-consumer-leverage-growth-will-not-end-well.html

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A complete overview of all previous editions of Best of the Web can be found here http://tinyurl.com/yb9e5dg. All links provided are collected from public websites, unless otherwise specified. I have not checked the data or information for accuracy used, and therefore do not guarantee that all data provided will be 100% correct. The links provided do not necessarily reflect my personal opinion and should be seen as general interest: oftentimes I do not agree with arguments presented, but nevertheless think it is worthwhile to read them. It is up to the reader to make up their own mind. Suggestions or discussions are more than welcome. Do not quote unless specifically checked beforehand!