Good morning. August is done and dusted. Spanish oil was the big bet, by the looks of this overview from colleague Jan-Sytze Mosselaar

(source: Robeco Heatmap)

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Not very surprising, but there you have it: high interest rate in the South hamper growth . ???Loan rates point to eurozone fractures???

?????????????????? http://www.ft.com/intl/cms/s/0/60ae47cc-f5e5-11e1-a6c2-00144feabdc0.html

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Very nicely done, this one! It is probably old, but nevertheless: Money is the root of all evil

?????????????????? http://andolfatto.blogspot.nl/2012/09/evil-is-root-of-all-money.html

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Draghi hints at short term bond buying. Again, I would add, so what???s the news????

?????????????????? http://online.wsj.com/article/SB10000872396390443571904577629623044370282.html

?????????????????? http://www.bloomberg.com/news/2012-09-03/draghi-told-lawmakers-ecb-can-buy-three-year-bonds-mep-says-1-.html

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This runs somewhat against what I would have thought: in the US, low paying jobs have already returned to pre-crisis levels, but not the high paying jobs

?????????????????? http://www.zerohedge.com/contributed/2012-09-03/man-who-sold-world

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The European Union appears to have a credit rating, which has been put on negative watch by Moody???s. But does the EU has any debt outstanding????

?????????????????? http://www.reuters.com/article/2012/09/03/us-eu-ratings-idUSBRE8820OF20120903

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Leverage is not very applicable when we are talking about central banks, I would say. But hey, there is no arguing against a buzzword???

?????????????????? http://www.zerohedge.com/news/guest-post-big-swiss-faustian-bargain

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Interesting find: those that believe more in forgiveness (Heaven) than punishment (Hell) appear to be more prone to be criminal, according to this chart

?????????????????? http://www.economist.com/blogs/graphicdetail/2012/09/daily-chart?fsrc=gn_ep

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IMF research on Global Housing Cycles, with interesting charts and conclusions. It is a bit strange though that Ireland is overheating for 40 years now???

?????????????????? http://www.imf.org/external/pubs/ft/wp/2012/wp12217.pdf

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Not a pure 100% economic link, but still: Brazil???s deforestation is not the biggest threat to the Amazon (via Johan Duyvesteyn)

?????????????????? http://www.washingtonpost.com/world/amazon-forest-threat-is-greater-outside-brazil/2012/08/30/2d47c4b0-ee08-11e1-b624-99dee49d8d67_story.html

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