Good morning. A question that I have asked myself as well: how will the current correlation between stocks and bonds be broken…?

http://www.zerohedge.com/node/475569

 

For one thing, dividend yields are no longer higher than 10 year Treasury yields…

http://www.businessinsider.com/bond-yields-higher-than-dividend-yields-2013-6

 

 

The sell-off in the bond markets is bound to hit the US housing market before long, right?

http://soberlook.com/2013/06/mortgage-rates-spike-to-two-year-high.html

 

Having said that, end-of-quarter window dressing may drive yields even higher this week…
http://www.ft.com/intl/cms/s/0/2141f61e-dba5-11e2-a237-00144feab7de.html

 

Best of last week. And all the weeks before that

https://lukasdaalder.com/2013/06/21/best-in-economics-this-week-june-21/

 

Is the Bank of Japan indeed divided on the inflation target…?
http://blogs.wsj.com/economics/2013/06/21/boj-beat-board-divided-over-inflation-target/

 

Some more information on the developments in the Chinese money markets: it is not a Lehman moment

http://blogs.wsj.com/chinarealtime/2013/06/21/all-about-the-money-charting-chinas-cash-crunch/

Gold has taken another serious beating last week….

http://online.wsj.com/article/SB10001424127887323893504578556832192964530.html

 

Pretty interesting picture showing that the loss in labour share is not moving synchronously across countries

http://worthwhile.typepad.com/worthwhile_canadian_initi/2013/06/labour-share.html

 

Some information on Ireand, about it being not that big a turnaround story after all

http://www.nytimes.com/2013/06/22/business/economy/irelands-turnaround-may-not-be-so-rosy.html

 

A number of charts showing the underlying strength of the US economy…

http://www.businessinsider.com/10-ways-us-competitive-advantage-2013-6

 

 

And this week’s schedule….
http://www.calculatedriskblog.com/2013/06/schedule-for-week-of-june-23rd.html
http://blogs.ft.com/beyond-brics/2013/06/23/week-ahead-june-24-to-28/

 

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!