Good morning. There is a growing interest in Africa, helped by the visit of Obama. Or is it the other way round?

http://qz.com/98373/the-state-of-us-trade-with-africa-as-obama-visits/

 

 

The must reads for all you behavioral finance dudes!
http://noahpinionblog.blogspot.nl/2013/06/some-essential-papers-in-behavioral.html

 

Nice one: “Grow up, people. It’s time to stop blaming Bernanke for your losses. Either you weren’t listening or you heard only what you wanted to hear.”
http://www.bloomberg.com/news/2013-06-26/bernanke-was-clear-fed-s-crystal-ball-is-cloudy.html

 

 

and what about that low inflation?

http://blogs.wsj.com/economics/2013/06/27/low-inflation-highlights-fed-dilemma/

 

Positive data for Japan, Nikkei rebounds sharply…
http://www.reuters.com/article/2013/06/28/us-japan-economy-tankan-idUSBRE95R05720130628
http://www.reuters.com/article/2013/06/28/us-markets-global-idUSBRE88901C20130628

 

This chart does not look too promising for the European economy…

http://www.zerohedge.com/news/2013-06-27/silver-lining-shattered-european-household-lending-plunges-most-11-months

 

 

I know, I know: I have shown these charts before. But look at where the green line was on Monday….

http://www.bondvigilantes.com/blog/2013/06/27/em-debt-funds-hit-by-record-daily-outflow-is-this-a-tremor-or-is-this-the-big-one/

 

…and look what happened next!

http://www.businessinsider.com/emerging-market-weekly-fund-flow-june-26-2013-6

 

If these figures are correct (and I have my doubts) than it raises questions on all the criticism on US infrastructure…

http://www.spiegel.de/international/germany/diw-weak-infrastructure-investment-threatens-german-future-a-907885.html

 

An article on CEO pays and options for the US.

http://www.epi.org/publication/ceo-pay-2012-extraordinarily-high/

 

A (long) story about the two gold markets: paper and rock

http://www.zerohedge.com/contributed/2013-06-27/great-comex-paper-gold-dump-online-real-time-physical-gold-price-datasource

 

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