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

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