Best in Economics this week: March 22

The big theme this week? Cyprus…
ldNhSHHlzHru4cNugDf2dZHAC8xAX10hefOzZH5wWIfGv6UWmEcYEgim8pU71XxYk1sLAtTztK2vrvy2A1XwJqDwH0JROKDKKCXuio6riwdub29AwR0_EUiQEw

http://www.ft.com/intl/cms/s/0/ae1f144c-8fe5-11e2-ae9e-00144feabdc0.html

hW5coF13um_5jcUi9bOUDAMHG4Im_hmbobrJ3kjpyFSDo448K46zub5D1TNchnKOWhZgARw9YA01ZMIn0VwtWnhhj3Jc00FrQkHxj_eNdOueekaTpCUzCWIFUQ
https://twitter.com/katie_martin_FX/status/313180068157472769
http://blogs.reuters.com/hugo-dixon/2013/03/18/cyprus-deposit-grab-sets-bad-precedent/

Thanks to Cyprus, expect all lines to start declining again from here on…

4aVAYMMrWKvG7B0Cz20PQloN5CmrCcrFqrZNK8OmenMqPbdeTg1439mGL5JXyn5e65-Te0tQgG5R6DhqH1hJpO2j6vuaTOmCmHdZiCSD5Q8ZTklygqeNo9Hp1A
http://www.zerohedge.com/news/2013-03-21/new-scariest-european-chart

Interesting fact: the IMF’s Financial System Stability assessment on the EU from the IMF only mentions Cyprus only once: in this chart below

DCvMxBcLJDlWAjtsnoTqvlHcfi605Tyi8jf4DqKr9MDfX43ay4u8duf3X2z3IG42FiXDGciMoST8A_8LSzFVnyRbQ5T7PESwvYogGUqoMeGUwj0VGuWMJz-T3w

http://www.imf.org/external/pubs/ft/scr/2013/cr1375.pdf

Predicting the future is never easy. Applies to analysts as well as Fe members…

807LK9UFqtu3Gl1FexZVAwBArN2gGZBuWroskezsrj3yQUrLZjj0JGNo1lDdxJAlxVQ8AUPxRQERew-yvBuFZb7IDAwtCjTHQ-_ia1uMDO8Bx6FZARgQ747vaQ
http://www.washingtonpost.com/blogs/wonkblog/wp/2013/03/19/is-the-feds-crystal-ball-rose-colored/

…makes you wonder how the ECB and BoE have done in predicting this…?

gU11k-yESYWiLrZ0aynwJfPeEc6guDaR6Sgrv4Zs4dq3oVSxiSdnBPdJ4x2rlirCFYZBb8OrCuv9Q88xZSPhfLGONAXOqzAjgb6cM-r59xxP29vIvTwnbcGHWQ
http://conversableeconomist.blogspot.nl/2013/03/perspectives-on-sluggish-recovery.html

The next crisis to come: pension savings…

sOADHEK9OH_ZHnFhwUGTRkhDtmXNehWllXvci9J_G0NQKP4iSJRZlilDEjFaLGFBkbKa-s4-iUpWMBcZwpyX4qizVCFKjR3JIZt4MfTT1sL50XHrajPAXDgCwQ
http://online.wsj.com/article/SB10001424127887323639604578368823406398606.html

Ah yes, the Middle-Income Trap. The IMF has taken a good look at it!

KWTDnIl-YWMld54kXVhAKZae4dOK8zBSkR_x94txLm0GXHkd74SWCNm1TGg2GwlHWxf99ywmZZXkF0t8YhkCwt7weydtdAqcplFt1QWSxH2WCeG1r0ZGwZLKlQ
http://www.imf.org/external/pubs/ft/wp/2013/wp1371.pdf

And talking about studies: this BIS report on private sector borrowing is also worth the read

u6x4uJJbI-Fn4rrFTHmuDh6kW3xL7-dH_vMHc2jBi4GeRUU7kG5S-Ak5qyVrbcNkspufEXgtdWNL59yNTcjMmIBZMhRFzuzPMHJv3u7LXzI1tiPxrqpt7NlDew
http://www.bis.org/publ/qtrpdf/r_qt1303.pdf

See the unstoppable rise in sovereign junk bonds, if we do not change the current policy…

UUEfismQlJEg_8b2US-CMoJm4cvJaFInBw6bQp3SSpp8Yolb2Xi_yOBggPOfiJszGb_WgeUi-WuCzTdTXjyP0qvtwp6I792HyhnIRChfjtw9RAvPwtGaFbU7Fw
http://ratings.standardandpoors.com/governments/sovereign/Global-Aging-2013-Rising-To-The-Challenge.html

Brilliant before and after picture: two popes, eight years in between

3OcCmz-pECoF63NeM_BpP-8TqXcJCBP1D0Bsh_UzDwlPQjxwLXPeas1MzMjLfA7e-tO_ZbMBDOs3lY-59BZRORwZz3HzlRiKbrtgkg0JNOGuOns8cH_qt4_4AQ

.F_2sZuIu9ZBoEtuBeInXc5Vqw-rBPnkokE4YsmKgOUoAKGNTi7nbVqor5ZfeXd4b-V4FQe2VtIrqUIQcDEIpJR_GM_kBeVV7o5lLEBBYuhhLVYoxOuP8U_Nzvg

http://singularityhub.com/2013/03/14/beforeafter-comparison-of-pope-announcement-shows-incredible-proliferation-of-mobile-in-just-8-years/

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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