Best of the Web: 13-06-06, nr 783

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…
IJqrbN4Z1rRR8J7xckjKk0kfIWOLyddssPZcEhIakNPpMBs2gQd7QO-sWhJtrqqXYJmpGoGRlPI-3yUfp9svFMmmvqDKPruydlSDxwHjuuljz6uc3p0VDlTp6Q
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…

4FirkYBNd3VxTv-GLhj_0fNWE43NtZe4ZUPiyxTZy2x2BbunKPZBKUh4GXWybC599hauaMLdcjmg29RnZtYMTqeA8_hIsL7ZC4M7jjaBcxBaicyvUBHTExj-Aw

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

1YXHEmZfwaHiuuC4QhYg_uSIP0Y9aR55DeiGiU1PX0cE-n4vhszASLykpD3y4AX9mtlDIqWtDlmDthOCVhDjCXmHxiXpr7GmuJUhdbV7f_a5NV641Tcba2Qgww
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”
SkU7y6oZHTrgb-VQjehrW4mqNaq8vABH53qPB2fixalgIUwUplMSyEqGW3bNnwsSbEqNsvaC0QljOnX99ZdxO6WZq1z0YyZEZ7T_UAzgtezYW7uGCL960o0ptw
http://online.wsj.com/article/SB10001424127887324069104578527154141235448.html

 

100 trillion down, another 100 trillion or so to go…
fTSyXzKGEIVWefF-uGCOoF66sAiCXM9ymQ4rQFuz37O3EKIwf8PwZ2bsfyanhOCATS0gBIHcKwx5V91MmjM7LPCZm66hpZuv_ikEXxMRsRHyi8jl0fkC5W5kHA
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
LhtGOkiTjELd8vxHWaoQPtKIZouRyGPcdLMzTYK85J0qmRmwgGooP-VjMtOjBuRT25KEv50JbhjqAHZ6bwqy1cMhroxocz1iXOoAwrixpnGrM7dPN6BrZtED5A
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)
qhEr9sEbuRI2ipMVGtGXrUOJt18lLX10NTnxCQDkohHdUybczWNEJMHmOjWjws5eCtX7-jh2rbVBfsDRPmIQT2LCNfPQdgD7HhoVjOqz-0BTHKMTqYC0FedMQw
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…
NoTg-TIAEfnb9_akDcu_9GVKB-YMYLFVvqNl5aFhJWTcdH8DgwQrJ1G04JtNbg_SUqQRix70LLbTfJQkZrsm_pffC-hTPL5ogN0TAz4wdE3GJij43aKIPZLQMQ
http://www.zerohedge.com/news/2013-06-05/gentle-reminder-other-reality

 

Oh god…. It is back: this whole nonsense about the Hindenburg omen…
LBWkv8kQlX-lKF2flCqB8KIAWsgk7GTj4JhJFz8lqRn-kcpPXWodsiRliqji1PN9vozib5g_ADlNS2y_gCowv25qQcWNLVYOixkY6O9hWOMP4Ad7DCoi-XYMNw
http://www.ritholtz.com/blog/2013/06/question-what-is-driving-hindenburg-omen-internals/

 

40 pictures on the European flooding…
ZIIzuFyaLhuWpPxClz9jVmvDA4l-Ffl_XXICtNNvR__x-UxAMaw3NXCg_2XAD-5Ouxz_iot8ySYZoOFO3Kh2GVxFvE76Ett1rdGxDD2DAHQ_R77DbTObiPSPvw
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!

 

One thought on “Best of the Web: 13-06-06, nr 783

  1. Pingback: Treasury Yields Spike To New 14 Month Highs | sambhalkezabaan

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