Best of the Web: 13-09-11, nr 837

Good morning. Yep. Where is this going…?
http://www.nytimes.com/2013/09/09/your-money/trying-to-outguess-the-unpredictable.html?_r=0

Nice one: not only the returns of other assets, but also the volatility
pT9qneWbqycfJNrgCk1c1WD8zXn6dG3N2iEf_V4t4FCtsK1Xft-YbiZFS6GWXbOihNADsleOq-jJ7Llf1XGBNjmtvXNv4C_Uh6f7gRqnRJLNNKZ4-3hhj2QIIQ
http://www.washingtonpost.com/blogs/wonkblog/wp/2013/09/08/forget-gold-classic-cars-are-the-new-hot-investment/

Interesting chart: volatility in the US Treasury market has been most outspoken in the 5-7 year segment…
s8smPCQoBXeLGwcrILCbT-z8OPPMpLJNGhk9qhvO7daEchfxw2MOAwgjmmYvLlCsoa-I7tc9aYzi8gQH-Q6jGCGyU8eAJrPSOmTEOYA7vXvTNc_ZtnDjjSu8-A
http://www.creditwritedowns.com/2013/09/qe-tapering-mbs-volatility-and-convexity-hedging-via-treasuries.html

…and sticking with bonds: Italian yields are now higher than Spanish yields
Gma2gUIMXa-ebJvaeLClSbGWTh4s9eh40UvigoL5b6eYII2IjatDHmSmo5ATeO2F8CW9_Ztz7tWJxgJhJeI-mQyUMQ11ZAKnw0ORVbWx47-1yqAlIteno9yr0g
http://www.zerohedge.com/news/2013-09-10/italy-riskier-spain-first-time-18-months

It has been a while since I last showed this chart of the US labour market…
a44is58fjcKYz3mfL8pBmgPvdgLgVCymL3R0u9SAB9pig0KkeSij7m12E3l7pho4fCbcYzI1cO3aemW6yxKiQ8o1Q90PeNik0N1bHKsZF3QaovvJxFD7qg40YQ
http://www.businessinsider.com/heres-when-total-payrolls-will-finally-exceed-their-pre-recession-peak-2013-9

Interesting interactive chart on the development of the US labour market (via http://www.ritholtz.com/)
w1umGCXohWrQUVWpDQyAJRuwCYSyaAPRcyPck6U0V-AbiI0Bt7HqB3XUSgJj7Bhdp-hXTP-HWbN9hbSZM5_HdGM7utUE4jfJ7p7CT6cDneVPr7pUyY-AQ71qsg
http://graphics.wsj.com/market-shifts/#i=labor

Some words of warning on the US mortgage market….
AoVONSOFrBUhn53edqhhGwEeMGljKG_Fb28f_gPOyQUJ-59oebmpWnRxHgaeQoBRsWFc8Z0ua2bYG9639MVuPby-nQCX5AKB3aVsXfNuEx4GpCEAe_AjqRxWXg
http://www.zerohedge.com/news/2013-09-09/jpmorgan-warns-increasing-rates-have-reduced-remaining-refinance-opportunity-more-50

I am not sure how much value should be attached to the underlying data, but still: wealth all the way back to 1870 (via @went1955)
J8pDfZFXflrfxu6im_Up1i3neDPUDP0H5vPcb-H8xvNakziuPeqOHk-99ZnLecndgTt_zqFz2syG4kM1vQkUPHH_LsCTuzdoawjCEoZqvIqWcUq8H5UYQ2-jKw
http://emlab.berkeley.edu/~webfac/cromer/zucman.pdf

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!

Leave a comment