Good morning. Say, why haven’t they updated this to 2014?? (via @went1955)

http://www.vox.com/xpress/2014/8/15/6003001/economy-gdp-chart-exponential-industrial-revolution

Best of last week. Nice place to start if you are returning from holiday!

https://lukasdaalder.com/2014/08/15/best-in-economics-this-week-august-15/

The must-read that was published this weekend:”Secular stagnation: facts, causes and cures” 180 pages long…

http://www.voxeu.org/sites/default/files/Vox_secular_stagnation.pdf
http://www.voxeu.org/article/secular-stagnation-facts-causes-and-cures-new-vox-ebook

Charts on pensions. There are more at the link.

http://www.zerohedge.com/news/2014-08-17/chartporn-18-charts-exploring-how-ageing-world-will-shape-global-economy

So is this the reason for the strong rally in bonds?

http://online.wsj.com/articles/banks-financial-firms-load-up-on-cheap-debt-1408056946

And on the topic of bonds: Jackson Hole appears to be pretty much random noise…

http://www.zerohedge.com/news/2014-08-15/jackson-hole-preview-do-not-expect-policy-shift

This looks a bit less like random noise though: the relationship between return and Shiller CAPE

http://delong.typepad.com/sdj/2014/08/under-what-circumstances-should-you-worry-that-the-stock-market-is-too-high-the-honest-broker-for-the-week-of-august-16.html

I take it Credit Suisse does not think Abenomics is working…

http://www.creditwritedowns.com/2014/08/abenomics-what-could-possibly-go-wrong.html

US earnings were relatively strong, stocks reacted negatively on the reporting days nevertheless.

http://www.bespokeinvest.com/thinkbig/2014/8/15/stocks-down-on-earnings-again.html

What? No Dutch??

http://www.zerohedge.com/news/2014-08-15/most-commonly-spoken-language-your-state

And the schedule for the week to come. No wars, I hope.
http://www.calculatedriskblog.com/2014/08/schedule-for-week-of-august-17th.html

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