Good Morning. I am sure I have shown this chart before, but I am not sure that it included the red bit…
http://www.businessinsider.com/economic-center-of-gravity-map-2013-11
Come on people: we can get it to the number five spot, can’t we…?
http://www.businessinsider.com/post-war-era-sp-500-returns-2013-11
Interesting podcast by Mokyr who is rejecting the Gordon/Cowen critique that growth will remain low…
http://files.libertyfund.org/econtalk/y2013/Mokyrgrowth.mp3
http://www.econtalk.org/archives/2013/11/joel_mokyr_on_g.html
Nice one: US companies are paying the lowest premium on record to take over rivals
http://online.wsj.com/news/articles/SB10001424052702304011304579218073452512200
Might come in handy sometime: an article on foreign currency loans in Europe….
http://www.voxeu.org/article/foreign-currency-loans-and-systemic-risk-europe
Der Spiegel takes a look at government bonds held by local banks…
http://www.spiegel.de/international/business/ecb-holds-back-controversal-bond-recommendations-a-935540.html
Old news, but still: it is remarkable…
http://economicsone.com/2013/11/23/two-amazing-charts/
Coincidence or is it more…?
http://qz.com/150803/one-more-sign-that-the-feds-taper-talk-really-did-slow-the-us-housing-market/
This one keeps popping up from time to time: the New York taxi medallion price….
http://www.zerohedge.com/news/2013-11-25/returning-2706-past-40-years-best-performing-yellow-asset
Interesting chart showing the link between volatility in equities (VIX) and the high yield spread (via @eelcoubbels)
http://www.blackrockblog.com/2013/11/22/quiet-market-front-2/
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How do you buy volatility? (last blog)
For stocks the most famous index is the VIX in the US(with liquid futures, and trackers/ETFs), and VDAX in Germany (for example), in bonds it is the MOVE index.
In all these cases you ‘buy’ volatility by buying the implied volatility underlying the option markets.
Lukas