Best in Economics this week: April 19

This was the week of the bombing of the Boston Marathon, the collapse of gold and Reinhart & Rogoff

Gold’s ‘collapse’ put into perspective…
vr1KCPisHv1xWVZxfsVbVaZoS8JwiDjEXWoQtmlzIMvXo4v6Ex8xQTgIGgbvEPfX6r3NxSGlGphAvXB_P44aieZgzNp7eqUCwjMRYfU3SP9CVtDSMKCWvJKg2Q
http://www.businessinsider.com/long-term-gold-chart-going-back-to-1792-2013-4

…and even more perspective (although you can argue that the normal distribution does not apply for gold)
plqfhndaNvXweg4q9ix0NwjP7DWJy7D1olU-bREJZ7Xw7TlBXcVjdqZZlu0R8M8U66oXvkeQihoJSkWUuxwPELFFtEWpV0yI6JqYROssRdINRmp7FbfM9jfZ2w
http://www.zerohedge.com/news/2013-04-16/presenting-golds-7-sigma-move

And then there was the Reinhart and Rogoff blooper…
0spnD7mrU11s6lL7UtFs2trYq25Zs5JgQddEMFMYIqS_kI1c_Ycvk2JvoHMURIamodNVoK2l9I5E7bBOzXzNHhtjjvE-7EOyIcsI74sS9H_gy0x0FQZ2rnB5WQ
http://ftalphaville.ft.com/2013/04/16/1463192/raining-on-reinhart-and-rogoff/
http://qz.com/75117/how-influential-was-the-study-warning-high-debt-kills-growth/
http://economistsview.typepad.com/economistsview/2013/04/how-much-unemployment-was-caused-by-reinhart-and-rogoffs-arithmetic-mistake.html
http://www.ritholtz.com/blog/2013/04/did-reinhart-rogoff-screw-up-their-debt-research/
http://www.nextnewdeal.net/rortybomb/researchers-finally-replicated-reinhart-rogoff-and-there-are-serious-problems
http://www.washingtonpost.com/blogs/wonkblog/wp/2013/04/16/is-the-best-evidence-for-austerity-based-on-an-excel-spreadsheet-error/
http://krugman.blogs.nytimes.com/2013/04/16/reinhart-rogoff-continued/

Pretty shocking chart from the Dutch central bank showing the lack of potency for a rate cut…
-OPBhZFFJ-2NwCDcjLmOC2EcdrCWTb2k7xaZjxCXB29EMV7K-yywk4GdKIANeeMm6Al29xToA9mH969MhUSJaAfuP9sTQaO8UPp-Fg2GKXgidQLbrzzTQa8RTA
http://www.dnb.nl/binaries/OFS_Voorjaar13_tcm46-289597.pdf

Stocks may be expensive, but bonds are even more expensive…
HDaqp3Wm4sJu4zn5_OyYYEYxcrp1KF59FXsvSbhDhbEOGXp7Z-Q0NYrk9Iz7HrZhvPrGFUd5-lTNhoLxnP6LkKqbvqJAMsi5gDnjluJKD0GnSzY0XefyFtI4jA
http://www.bespokeinvest.com/thinkbig/2013/4/17/54-of-sp-500-stocks-yield-more-than-the-10-yr-treasury.html

Manic Monday. Well, at least until the 90s…
MSpehFwERzeQDr-Ovz-N05HTYhp_k7lRCEUSdy3DZrtikh6mJ_9hYgGZt6i-m55VnAQEct-MWRbulcyE6ktFFKBLnXuRCppoxreLwPl0j3dIo-l9aOBkf1jTGQ
http://www.crossingwallstreet.com/archives/2013/04/stats-for-the-dow.html

Some history on bull markets
iDlJ2KTup7mRb6DVHmLC-LT7_RyShKjdypIp3zScNDrfry_g8oV-PLwh2fPzq8rsvCc06dHZCQiBU3_vdQrSOauoaNjKTNBqWuvocmySujibSYjiATZFyJReeA
http://gestaltu.blogspot.nl/2013/04/what-bull-giveth-bear-taketh-away.html

Interesting study by the Fed into the impact of a rate hike for the bond yields
3lZFI5qnW00AdFj6gyw2OWv6mtb_ECjJ7lGVL90rdMD99mXn6I9YDEU_ssBmfbRb2MA3oy8tEH4_3BC40lpA4gZMShng57efIOmcF3grPsUqsSAHla-KTKM56A
http://libertystreeteconomics.newyorkfed.org/2013/04/do-treasury-term-premia-rise-around-monetary-tightenings-.html

And another nice study from the Fed into the use of adequacy ratio’s for banks…
W5Tex2luRBwt25PO7p098xQ4L7Ojp1x8bifJS7vuPO-LtjFXYm9hJax8wARrU3QCxfB1FFVtywP5PnPQ8u97EGXOa8QVJsVEnte6YTioWd3MYXQTVKqRaL5ukA
http://www.dallasfed.org/research/eclett/2013/el1302.cfm

Beautiful visualisation of change through time: you just move the handle and see the change
zSfIYXyJpp8t41wDNZ5SepCgJzSyh4tSscN-Dt9FfRcPAxm0CFVQcJll0uyHujnmqIAkWgGcJ_4Yf0XHHEfsxd5hllB-tD7wnhhzckPfor5UHBQFXupb8PVUHg
http://online.wsj.com/article/SB10001424127887324010704578415041545251264.html

Ah yes, and we should not forget the IMF outlook!
MBLq6kIUiXQBRU0sz93hBN9bVsdXXIZUfm1ISvXia2DcO6qgyPgtg0CEGyL5MCYxzdvxMec8Q_XWKYGAw78iYU-V5c4y_aR5VesKnySfJp-yZKd0YzEy_r2IHQ
http://www.imf.org/external/pubs/ft/weo/2013/01/pdf/text.pdf

Interesting way of using Moore’s law to show that our DNA is older than earth itself…
uHE3U1EN70OuoOiCfEj62sbbKNx-IbaaCLJKP6D7kW0ZriLJ5sKyCBUri1TT-Bxdb5Ncl73FU82SKQmdsnu70ywtyz70iYpb8tnOkuy9yqca7JJrFqGXKRfOfg
http://www.technologyreview.com/view/513781/moores-law-and-the-origin-of-life/

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!

One thought on “Best in Economics this week: April 19

  1. Pingback: Best of the Web: 13-04-22, nr 756 | Best in Economics

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