Good morning. Welcome Latvia! To the euro, no less…..
http://www.ecb.europa.eu/pub/pdf/conrep/cr201306en.pdf
It is no fun being a BRIC anymore…
http://www.economist.com/blogs/graphicdetail/2013/06/focus-2
The currency wars, inverse version: Brazil slashes the financial transaction tax
http://www.ft.com/intl/cms/s/0/6c113a7c-cd74-11e2-90e8-00144feab7de.html
So much for the Great rotation…
http://www.businessinsider.com/from-great-rotation-to-mini-rotation-2013-6
IMF takes another look at the Greece bailout and the conclusions are not pleasant
http://www.imf.org/external/pubs/ft/scr/2013/cr13156.pdf
http://krugman.blogs.nytimes.com/2013/06/05/greek-regrets/ (comment by Krugman)
Interesting video on poverty in the world
http://www.economist.com/blogs/graphicdetail/2013/06/daily-chart-2
“Sequester Headlines Have Been Scarier Than Reality—So Far”
http://online.wsj.com/article/SB10001424127887324069104578527154141235448.html
100 trillion down, another 100 trillion or so to go…
http://www.zerohedge.com/news/2013-06-05/bank-japan-bond-holdings-rise-above-%C2%A5100-trillion-first-time
Interesting chart on the budgetary policy pursued by the various governments
http://www.washingtonpost.com/blogs/wonkblog/wp/2013/06/05/yes-europe-really-is-in-the-throes-of-austerity/
…which is interesting if we are taking this chart into account (and no, correlation is not causation)
http://delong.typepad.com/sdj/2013/06/lawrence-summers-opening-remarks-to-senate-budget-committee-hearing-on-the-fiscal-and-economic-effects-of-austerity-ju.html
I do not know what the ’macro’ line exactly shows, but it seems to normally leads the 10 year Treasury yield…
http://www.zerohedge.com/news/2013-06-05/gentle-reminder-other-reality
Oh god…. It is back: this whole nonsense about the Hindenburg omen…
http://www.ritholtz.com/blog/2013/06/question-what-is-driving-hindenburg-omen-internals/
40 pictures on the European flooding…
http://www.boston.com/bigpicture/2013/06/flooding_in_europe.html
A complete overview of all previous editions of Best of the Web can be found herehttp://tinyurl.com/c8ge4c5. 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!
Pingback: Treasury Yields Spike To New 14 Month Highs | sambhalkezabaan