Good morning. Now that the markets are going down, I guess both these guys are worse off… 

http://www.zerohedge.com/news/2013-06-20/guest-post-wealth-effect-shifts-reverse

Yesterday’s news, but it is indeed a rare sight to see all asset classes in decline…

http://www.businessinsider.com/global-futures-sell-off-is-rare-2013-6

…with equities and bonds positively correlated for the first time in years

http://soberlook.com/2013/06/correlation-between-equities-and.html

Nice one!Gold is a like a stock, but with a lower average return…

http://www.zerohedge.com/news/2013-06-20/visualizing-gold-and-stock-returns

…and this is also an interesting chart: it is not the US that is the most hit by tapering…

http://www.zerohedge.com/news/2013-06-20/surveying-global-damage

Fears of the return of protectionism seems to be overdone, as a new trade agreement is on the table
http://www.nytimes.com/2013/06/20/opinion/global/trans-atlantic-trade-and-its-discontents.html

There are a number of nice charts on the link below

http://qz.com/95877/our-favorite-charts-of-2013-so-far/

Japanese labour markets: always interesting reading…

http://ftalphaville.ft.com/2013/06/20/1540532/japans-open-goal-2/

It is not just because of the Fed, also the holders of bond market funds are selling…

http://www.businessinsider.com/retail-investors-are-dumping-bonds-2013-6

…but the outflow of emerging markets bonds is a lot more even…

http://www.businessinsider.com/flight-from-emerging-markets-accelerates-2013-6

Interesting overview of the US labour market. Look at the Employment to population ratio….

http://blogs.ft.com/gavyndavies/2013/06/20/the-fed-begins-its-long-and-gradual-exit/

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