Best in Economics this week: January 25

Look at the “companies regularly attending Davos”….
HogbVU7UBLEbwa03ui32CUgIlVe3nY9CaWGeAcgm3wj4j9sRk8Gb59OWWyoFY6tdYulcuolmooTVA7CdcvTFo_SF2tOqdgZbpSttipiJZcMBnKe-NtvpJMHI4Qhttp://www.economist.com/news/international/21595032-whos-magic-mountain

I am not sure whether I believe this (2000-02?), but if is, it is bad. Groupthink.
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http://www.businessinsider.com/analyst-eps-estimate-dispersion-2014-1

The 85 richest people of the world own as much wealth as the 50% poorest according to Oxfam.
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http://www.theguardian.com/business/2014/jan/20/oxfam-85-richest-people-half-of-the-world

How much longer can this rally continue without a 10% correction? c91S-AkAXFZayjlJjNDp17xUP_4WilcY_nwYrT5IFqpWlkS5pJBQ3Hv0MukHwwnFJ17_El8aCqXwCl8rjbFLZj1IqqY3TGWmDQw3-fNtTT1VPA1QLMxydSUNjw

http://www.businessinsider.com/408-days-since-last-10-market-pullback-2014-1

Well, the IMF warning of capital flight risks does not help…

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http://www.ft.com/intl/cms/s/2/918a42a8-8291-11e3-8119-00144feab7de.html

You want history? try this one for size: 5000 years!
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The Energy Outlook from BP was published this week: always a very interesting document with a lot of charts and data
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http://ftalphaville.ft.com/2014/01/17/1745542/energy-is-gradually-decoupling-from-economic-growth/

Ok, granted that dividing by sales is not a very sensible thing to do, but still…
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http://www.zerohedge.com/news/2014-01-23/surprising-rd-chart

Cool site that let’s you determine how much earnings are off from the underlying trend. There is no escaping that earnings are way too high…

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http://researchaffiliates.com/Our%20Ideas/Insights/Fundamentals/Pages/F_2014_1_The-Profits-Bubble.aspx

Not a real shocker, but interesting nevertheless: predicting equity returns is so difficult because of the ‘valuation’ component…
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http://www.businessinsider.com/financial-advisor-insights-january-22-2014-1

A variation on the ‘debt-clock’ principle: lost US output, updated each second…
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http://www.lostoutputclock.com/

Economic nerdy humor…
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https://twitter.com/jamescrabtree/status/425886314014449664/photo/1

Ha Ha Ha! Oh no, I am not supposed to laugh at this… Ha Ha Ha!
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http://www.businessinsider.com/josh-browns-mutual-fund-decoder-2014-1

A complete overview of all previous editions of Best of the Web Weekly Economics can be found here http://bit.ly/16dkN6i. 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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