Good morning. Current account imbalances have declined, but not the foreign asset positions…

http://ftalphaville.ft.com/2014/08/18/1927742/global-macroeconomic-imbalances-are-shrinking-and-not/

The correction in stocks put into perspective…

http://www.economist.com/blogs/graphicdetail/2014/08/daily-chart-12

One of the first reviews of the Secular Stagnation piece of Summers et al

http://delong.typepad.com/sdj/2014/08/reviewing-lawrence-summerss-et-als-voxeu-ebook-on-secular-stagnation-the-honest-broker-for-the-week-of-august-23-2014.html

Recovery from the Great Depression: the best way was to leave gold early

http://www.voxeu.org/article/great-depression-recovery-role-capital-controls

I find it hard to believe that Denmark is on the right hand side of this scale?

http://www.bondvigilantes.com/blog/2014/08/18/french-government-push-tax-labour-market-reforms/

If Housing Affordability has deteriorated this fast despite the rally in the Treasury market, it does not look too good…

http://blogs.wsj.com/economics/2014/08/16/number-of-the-week-housing-affordability-hits-six-year-low/

This one simply looks good.

http://www.ritholtz.com/blog/2014/08/a-history-of-executive-orders/

Times Square back in 1903. They still had a tram back then…

http://news.distractify.com/dark/trivial-facts/vintage-new-york-city/

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