Good Morning. Always look on the fun side of life…

http://www.zerohedge.com/news/2013-03-23/if-cyprus-really-wants-be-next-iceland

(and here are some more cartoons on Cyprus) (via @leonmwc)
http://www.zerohedge.com/news/2013-03-22/cyprus-cartoon-catalog

Surprise! They managed to eek out a deal on Cyprus after all. And the good bit: parliament does not have to vote on it…
http://www.ft.com/intl/cms/s/0/03c5e484-94ff-11e2-b822-00144feabdc0.html
http://www.creditwritedowns.com/2013/03/cyprus-bailout-deal-terms.html
http://www.businessinsider.com/moodys-cyprus-could-still-default-and-leave-the-euro-2013-3

So much for Cyprus: let’s start the week by running through the most important things that popped up last week!

https://lukasdaalder.com/2013/03/22/best-in-economics-this-week-march-22/

It is difficult to claim that Cyprus came as a complete surprise…

http://www.zerohedge.com/news/2013-03-22/waterfall-reality-visual-history-cyprus-credit-rating

Impressive chart showing the steady erosion of wage power for the unskilled workers

http://www.ritholtz.com/blog/2013/03/looking-at-wages-relative-to-gdp/

Pretty upbeat assessment on the US economy by the Dallas Fed

http://www.dallasfed.org/research/update/us/2013/1302.cfm

How much deleveraging has taken place during the last 5 years?

http://www.businessinsider.com/leverage-in-the-western-world-2013-3

I have shown this before, but it is still remarkable: mileage driven in the US continues to decline

http://www.businessinsider.com/vehicle-miles-driven-2013-3

And this is what last week’s PMI’s showed for Europe: France continuing to lag…
http://macromon.wordpress.com/2013/03/22/weekly-eurozone-watch-euroconfusion/mar22_ez-pmi/

And what’s in store for the week ahead?
http://blogs.ft.com/beyond-brics/2013/03/24/week-ahead-25-29-march/
http://www.calculatedriskblog.com/2013/03/schedule-for-week-of-march-24th.html

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