Best in Economics this week: March 8

(from: http://www.spiegel.de/international/zeitgeist/viral-photo-from-krakow-interview-with-photographer-marcin-ryczek-a-887299.html)

This youtube video on inequality in the US drives the point home…

And speaking of inequality: them rich folks just save and do not spend!

1ADnwMinZgMxjWaB5SuM2DLa7X_dsUtFC68F3vNng1r9safsN3nvPAMMbOGuTC-jUBh-Bf5mxoK7KQefnPWzTYxTdkSbCy_B4M1FGKntyN1qgTQUvK7PBcShaQ

http://www.businessinsider.com/chart-savings-rate-by-income-level-2013-3

The chart is about food prices, but I was more interested in the yellow countries…

jlOKCLEwl5a5V7bNyc9KgkPGRdkWPGKKFH3keesN7_DIrNGzgFcEUs73FNoOWj3yMimVwSXpxh4Nd16LsFryOZCs3YKcgoCxo3lM7-wNYRf8E-miasdEls3n8w

http://ftalphaville.ft.com/2013/03/01/1406422/mapping-future-food-inflation/

Admittedly, not a really spectacular chart, but still: the Dow reached a new all-time high this week

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http://www.bespokeinvest.com/thinkbig/2013/3/5/new-all-time-high-for-the-djia.html

The breakdown of the oil producers in the world. Venezuela is the OPEC heavyweight…

R_u7miSEPnaH3ZZ-wccplVyoWY1Jbl31_9bvjdCni-akSmdF2YcW_vfkxMygBjt-e250It8QL6DseDL3Cff7FDpsbS6W-VQlhmGrUkVbo4jekz5Hm91SfHprqw

http://blogs.ft.com/beyond-brics/2013/03/06/chavezs-dead-what-does-big-oil-think/#axzz2MjTiFI5Q

The rise of the dragon. The fact that the US line declines does not mean that the US is weakening though…

H4RVNnxclekecMWqmRMVqluGd0ASsjrhkFbDz-zpbjFc50UdsxY3nW7BTHpxxzwOpUaCyJbnK8Jj_lK52SbrQQgyGh9YHTyGC4Y5mxMu9ecnt3AFymsOlhJ9fQ

http://www.businessinsider.com/china-us-oil-imports-2013-3

And which market has only had two negative years over the last 33 year….?

OerCgoxPmBH_MdiD4w-3BbbMyMgAkOtu8ASL5oBQ2qWhj4bkOi4xF1IalcpeTFE1dJDQkeV-9G5ChTO3mmev4YDl5cOa2zoAGc0Jmd-KOByeTQf0dyvna1S_0A

http://www.zerohedge.com/news/2013-03-03/name-market-86-average-annual-return-over-33-years-worst-drawdown-4

This is not a very optimistic picture on the state of the world economy, or at least the ‘developed’ part…

3jwMSqCHCFQXVkBAVpc-1OFI-8UH3gHhKUN36XTEBg8A485Gs7gyx0naY3p7Zu4_2DA6xKa8vLaHcSOaeYso9nvyntGwpH7uWI5E9kfgGSXYBTeHGUEaHAmEYw

http://www.ritholtz.com/blog/2013/03/world-is-in-a-recession-go-about-your-business-as-usual/

…and even though the US is still growing, this chart also raises questions…

hMFhyAAUB2pmWXDR6h6AY3KmAjOSGzJbIJzTRC_wcvyBvvt8cuNuclWIUoriFrKKEXVynLL7YwgLAqbIy8ps-wiYgP6IANOLb5b8hvJpejf5lC5sD37ibhzeEg

http://www.businessinsider.com/ecris-achuthan-reiterates-recession-call-2013-3

Interesting chart showing which Emerging Markets have performed the best since 2003

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http://www.businessinsider.com/usfunds-em-periodic-table-2013-3

Despite all the debt, US households can hardly be seen as poor…

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http://www.zerohedge.com/news/2013-03-07/us-households-have-never-been-more-reliant-stock-market-their-net-worth

A complete overview of all previous editions of Best of the Web Weekly Economics can be found here http://bit.ly/16dkN6i. 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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