Best of the Web: 13-10-28, nr 865

Good Morning. What each country in the world excels in…

http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2013/10/Doghouse%20Maps%20J_0.jpg

Germany rules the waves….
Et96LbAZ_Yqvg0ja9FSQSgOlrEUnh1nZr-9BImGx2wlhnKhMIjrkZEBOaZGeOi5EcC-p6rQVu2Z05zuP7e1EpR4FuO2W3DqsYCj8h0d3wSkPy57a3lpujdRWZg
http://www.ritholtz.com/blog/2013/10/long-term-unemployed/

Outlook for 2014. As simple as that!

8Y-Sycq9eveJY4b-_PT1GNdF9-RHYXNFhV-_N3jR_LG9dgEOlvYXkfQEl84qgQZUEtsS7MU7jx0161cU6TNS5_hGdyC-H_a7K7PiMfSbT4ncqCf47_Scn_4vHw
http://www.zerohedge.com/news/2013-10-22/theres-always-next-year

Article 4 consultation by the IMF on Brazil!
8Vz2kbeUKXOTbYiEdz8pLmzj9k1uAhlx-e3p2upE8NB3FvNO0S2nIm9xLxCkekz7-OnxEoGvR9RsnNScHQlbTWjriBsvAM536YNhlBgH74WvIQUQcKyhq2guIg
http://www.imf.org/external/pubs/ft/scr/2013/cr13312.pdf

The Dallas Fed wonders whether Asia is doing a 1997 rerun…

CbAAfWK1gyF72KwD4prJ-802nCGzA3K6Y2mlKooKlxK6hSHUJ6YJSXmjkI0mZFV0Bu4Lx38lI08zwn9tyghdCPnjvdFpHqcUkx8LAVeHkU0SYMdRN2xqvs_Bawhttp://www.dallasfed.org/research/eclett/2013/el1309.cfm

Nice overview of all the settlements and penalties in the US financial system…

lXTgNkyTurh6vlL-_eV3yWIbidB1078B1KFjZ5rE4yIY78o3BoKFyc-EwxSTaJlGTs4puaOFvVfS5wCdWnHneY6O4rgWI9BkwCNRe_EaOq9qv4QWmJ2udfw7qQ
http://www.economist.com/news/finance-and-economics/21588386-payback-time-subprime

Happy times! Negative home equity is rapidly getting extinct in the US
4ombchoiA-8uo7_VXnybvlhlEhk_vqAW7IiWXEw7BptnyNgdF4bBI9YcygDdpSBmiPncF22HeQzdPW5Ut-PgDdBHm5g_kW4WXcvyc6eiZRtiNpTWRxc4IASy3Q
http://ftalphaville.ft.com/2013/10/24/1676722/these-houses-arent-bear-traps-us-optimism-du-jour/

Sometimes things are easier than you think…
GoKu_SoTrQNmUJ9IFBMvETRrE1zyIThvpBxiMBo4rTC6H60FcK8SWVcZO_I3fj83TrvGlP86rO9rQM88uK00ALDqljdld2dxeJjSIpeWkb-32eYR_szslrkDjw
http://www.businessinsider.com/700-years-of-data-in-12-must-see-charts-2013-10

Going for the top 5: stock market’s rallies without a sizeable correction…
es_fE2kzDIEoRYTrATGcwVVWYwbdB1vwiCST6RgtuDUF4eoJMxzI52GmXln-Jxr4qMnz5Mian1uGffUxZQxC81pmRLckv7LyMKyDYj7-1c8fGub4ZrEA0OvgxQ
http://www.bespokeinvest.com/thinkbig/2013/10/21/515-trading-days-and-counting.html

…or is the valuation of stocks posing a problem?
zETicQ05hMvkHCPq1YBg0lQ24B5p9cO79Y-md57FHJavKLFUqCG2nrRh16legUTGVN61yo6VBFQKqUfXVGqrtVEv7bWRv9ViHkSY2whcfBtNuDdcOBOJ-SpiyQ
http://www.zerohedge.com/news/2013-10-26/4-out-5-valuation-methodologies-agree-market-overvalued

I am not sure how the black line can dip below the red line, but there you go! Stocks are expensive!
yIGf29eTgshZSufvyfkDdRCKcx-vrYUborth6b2DDW9uCUqj2VP_Zwmt4J_hJ71BVPYfjHfCMSV8VrpCq9MRouJYpB8-I3irRyC44pE8k0DYYzEqdqCDkCknFg
http://www.zerohedge.com/news/2013-10-23/albert-edwards-record-high-median-price-sales-ratio-there-nothing-worth-buying
And what has third quarter earnings brought us so far?

J45hECoqk8LUVrcl6cNlelePAI7vPqdRvFt0daQEEmfYPuzbTlcc-E0sG_yAjDUWoYWzkrTKBiyeDFsR_clXbJtM-ffilLHZ9lhFOoNbXDiQyjqnWRg0RjRQBg
http://www.businessinsider.com/goldmans-q3-earnings-season-update-2013-10

Sub Saharan African oil producing countries…
1FzIaDTKgxyLGI28IhwXKlOJL02bs2X9PjhF0_bBKbZzvXeHDc16wc2TfZzmVtMKFEpHw2rBHfkeunRLQYZtsQLAtK-1u0rtdiYmBG4zJFRLlOO-jzDIutQ8qA
http://www.zerohedge.com/news/2013-10-23/guest-post-scramble-africas-oil

I probably have shown this one before, because it is interesting…
bVl13zvgLHX0NYMw7GJBWp5m0wTFotC5b2hIhVJRaB5JsAGmtdl8E5kmi_qS2oIQJG_CEXe8S1Wxb0dVicj5aC-JS3HboeiB1HdzpY136RyOCaztltGYob4HwQ
http://www.zerohedge.com/news/2013-10-23/its-2nd-worst-decade-over-220-years-and-getting-worse

The explosive growth of Polish in Germany…
nrFacPlvqvgfamx6Qgjnz3faWnkO524UXI3ZuhoqpG7Mk4D_gss8PFn1Ak8NrNg-q5XXBxD0C_eZzjW2okHxq_LBh_18p4F8zJwZ6zZzV2muhlLeI-UEXQwTOA
http://qz.com/138807/germany-opened-its-immigration-gates-and-the-rest-of-europe-came-pouring-in/

And the schedule for the week to come
http://www.calculatedriskblog.com/2013/10/schedule-for-week-of-october-27th.html

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!

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