Good morning. Ah yes, a look at the big picture…
http://www.ritholtz.com/blog/2013/08/stock-market-since-1900/

And talking about that bigger picture: I have never seen this 7-year GMO outlook so negative on stocks

http://www.businessinsider.com/future-stock-returns-will-be-terrible-2013-8

And another ‘big picture’, on the US recovery

http://www.zerohedge.com/news/2013-08-14/four-more-years

Well, with the US producing oil of itself, this does not seem like a big surprise, right? (via @PAvBoesschoten)

http://www.smartplanet.com/blog/bulletin/china-about-to-become-worlds-largest-oil-importer/26346

I am already questioning the precision of the 4 year quarterly forecast on Japanese consumption (why the slowdown in 2016?), but why the double dip in the VAT scenario?

http://www.thefinancialist.com/the-elephant-in-japans-room-the-consumption-tax/

Global cross capital flows peaked at 20% in 2007? Only 20%??

http://www.bruegel.org/nc/blog/detail/article/1137-blogs-review-the-renationalization-of-european-finance/

Some charts for the gold bull. The message (unsurprisingly): hang in there…

http://www.businessinsider.com/us-funds-bullish-gold-charts-2013-8

Impressively huge picture of Tokyo, which you can zoom in and move as much as you like

http://360gigapixels.com/tokyo-tower-panorama-photo/

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 Do not quote unless specifically cleared beforehand!