Good morning. BP’s annual statistical review is out! Lot’s of data and charts on Energy… And each year, the question is, how can consumption be structurally higher than production….? http://www.bp.com/content/dam/bp/pdf/statistical-review/statistical_review_of_world_energy_2013.pdf

Today, the Nikkei took another beating, as did the yen (getting more expensive, that is)….

http://www.reuters.com/article/2013/06/13/us-markets-global-idUSBRE88901C20130613
http://www.ft.com/intl/cms/s/0/4a7964a2-d3cd-11e2-b3ff-00144feab7de.html

…and a worrying thing: up till last week, it was not because foreigners were selling….
http://www.zerohedge.com/contributed/2013-06-12/foreign-investors-are-not-behind-nikkeis-swoon

Bond market corrections around the world

http://ftalphaville.ft.com/2013/06/12/1532822/interest-rate-wars/

On MSCI benchmark changes and how Nigeria may be a winner
http://blogs.ft.com/beyond-brics/2013/06/12/msci-reclassifications-a-trillion-dollar-decision/

I am not sure whether I still agree on the line of reasoning, but the chart is worth it nevertheless. Growth vs debt.
http://qz.com/92855/economists-looked-even-closer-at-reinhart-and-rogoffs-data-and-the-results-might-surprise-you/

And so much for the return of ‘hedge funds’, as an asset class…

http://www.ritholtz.com/blog/2013/06/bad-chart-hedge-funds-long-term-gains/

New data from corelogic on houses that are ‘under water’

http://www.calculatedriskblog.com/2013/06/corelogic-negative-equity-decreases-in.html

Living like a God in…. Romania!

http://www.economist.com/blogs/graphicdetail/2013/06/daily-chart-6

And here The Economist does a little copy-catting from earlier research by Barclays: QE sensitivity

http://www.economist.com/blogs/graphicdetail/2013/06/focus-4

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