Best links of the web: 12-12-10, nr 673

Good morning. Let???s start with a small recap from what has happened the last couple of years???

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(source: http://www.businessinsider.com/the-four-official-recession-indicators-2012-12)

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And this is what the recent development in US economy looks like: not very strong???

Media_httpstatic1busi_jivmu

?????????????????? http://www.businessinsider.com/lakshman-achuthan-tell-tale-chart-2012-12

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???which brings us to the next issue: Is It Time to Panic Over Corporate Profits? (via @Tilly_Kammeron)

?????????????????? http://www.dailyfinance.com/2012/10/22/is-it-time-to-panic-over-corporate-profits/

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Weidman doesn???t sound too happy on the Greece deal???

?????????????????? http://www.reuters.com/article/2012/12/09/us-eurozone-weidmann-idUSBRE8B800120121209

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For al ye gold bugs out there: China is rising!

Media_httpwwwmarketsh_ffabu

?????????????????? http://www.zerohedge.com/contributed/2012-12-07/hidden-dangers-gold

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And another gold chart. Apparently it is not bullish

Media_httpftalphavill_yswmo

?????????????????? http://ftalphaville.ft.com/2012/12/07/1298491/capping-the-gold-price/

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Another cool example of how difficult predicting really can be???

Media_httpmediaeconom_dnjtu

?????????????????? http://www.economist.com/blogs/graphicdetail/2012/12/focus-0

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The fiscal cliff is the Watergate of the 10s: all of a sudden there are cliffs popping up everywhere! This one is about the infrastructure cliff

?????????????????? http://www.theatlantic.com/business/archive/2012/12/the-infrastructure-cliff-why-the-us-desperately-needs-a-25-trillion-upgrade/265915/

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One of the remarkable trends in the US labour market???

Media_httpwwwzerohedg_cirgh

?????????????????? http://www.zerohedge.com/news/2012-12-07/chart-day-jobs-additions-age-group-reveals-scariest-picture

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The BIS quarterly review. Always interesting

?????????????????? http://www.bis.org/publ/qtrpdf/r_qt1212.htm

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This is definitely a worrying development, right?

Media_httpmacromonfil_exgjk

?????????????????? http://www.ritholtz.com/blog/2012/12/weekly-eurozone-watch-12712/

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A topic that is getting more traction: rising labour costs in China (via @went1955)

?????????????????? http://economix.blogs.nytimes.com/2012/12/07/when-cheap-foreign-labor-gets-less-cheap/

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And the schedules for the week to come

?????????????????? http://www.calculatedriskblog.com/2012/12/schedule-for-week-of-dec-9th.html

?????????????????? http://blogs.ft.com/beyond-brics/2012/12/09/week-ahead-december-10-14/

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Ah well, just for the fun of it: wars going on???

Media_httpwwwritholtz_ndzlr

?????????????????? http://www.ritholtz.com/blog/2012/12/warships-of-silicon-valley/

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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 cleared beforehand!

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