Good morning. For all the bulls out there…. (and some more impressive pictures from Pamplona at the link)
http://www.boston.com/bigpicture/2013/07/san_fermin_festival_2013_runni.html

 

Still working through my holiday backlog: this one is via @leonmwc

http://www.slideshare.net/londonbusinessschool/dimson-investing-in-a-low-return-worldlbsamc19apr13

 

A chart like this always makes me wonder what they were predicting for South Korea, fifteen years ago…

http://www.macrobusiness.com.au/2013/07/africa-to-own-the-worlds-demographic-future/

 

Soc Gen has calculated what the impact of a hard landing of China will mean for the rest of the world

http://www.businessinsider.com/what-will-happen-if-china-lands-hard-2013-7

 

The IMF warned about potential risks arising in a low interest rate and low volatility environment, last week

http://www.imf.org/external/pubs/ft/scr/2013/cr13236.pdf

 

Cool chart showing losses in US ten year bonds over the past 100 years or so

http://www.mebanefaber.com/2013/07/17/is-gundlach-right-have-bonds-bottomed/

 

Cool chart showing that the US middle class is a dying breed…

http://gregmankiw.blogspot.nl/2013/07/the-changing-distribution-of-family.html

 

And this is somewhat related to the previous chart: the lack of a rebound in UK wages

http://www.economist.com/blogs/graphicdetail/2013/07/daily-chart-4

 

Nice overview of where the most important commodities are coming from

http://www.zerohedge.com/news/2013-07-20/all-about-commodities-6-charts-aluminum-zinc

 

I do not like this chart (or the six that accompany it), as there should never be a link here

http://www.zerohedge.com/news/2013-07-29/7-charts-markets-complete-divorce-reality

 

But I do like this one…

http://www.washingtonpost.com/blogs/wonkblog/wp/2013/07/19/this-tom-toles-cartoon-on-obamacare-is-perfect

 

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