Good morning. I didn’t check the definition of ‘invasion’ but apparently UK has done a lot of it, over the years…

http://www.telegraph.co.uk/history/9653497/British-have-invaded-nine-out-of-ten-countries-so-look-out-Luxembourg.html

I’ll start off with stocks, while bonds are omnipresent these days: gone is the high correlation within stocks!

http://online.wsj.com/article/SB10001424127887323423804579020743528021238.html

Nice overview of all the bond market bear markets in the past… Mind you, US and 30 years…

http://www.bespokeinvest.com/thinkbig/2013/8/19/bond-market-bear-markets.html

…which is a slightly different picture from this one, which shows that the correction in US 10 year yields is pretty extreme…

http://ftalphaville.ft.com/2013/08/19/1606563/that-spike-in-us-treasury-yields/

…which makes Deutsche Bank think that the correction is done. That, or something worse…

http://www.zerohedge.com/news/2013-08-19/deutsche-either-central-banks-lose-credibility-soon-or-markets-have-overstretched-th

…but there is some good news too!

http://online.wsj.com/article/SB10001424127887324085304579010101464289162.html

…while Germany has saved a lot on interest costs due to the low interest rate enviromnent

http://www.spiegel.de/international/europe/germany-profiting-from-euro-crisis-through-low-interest-rates-a-917296.html

So far, Abenomics has not resulted in a marked improvement in the trade balance…

http://www.businessinsider.com/this-chart-debunks-the-biggest-myth-about-abenomics-2013-8

The outflow of Emerging MArkets has continued…

http://qz.com/116628/investors-in-emerging-markets-would-like-their-money-back-now-thanks/

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