Best of the Web: 14-08-21, nr 1049

Good morning. So much for that tough austerity program in the UK…

http://www.bondvigilantes.com/blog/2014/08/21/great-british-austerity-myth/

Finally some good news for the Dutch economy: we are going to revise the GDP numbers. Upwards, that is. (Economist, paywall)
WEUaW8W2MmMLtNALGSMIw_RXAZ5ASd3dBegsyDLr7CX0ulKK4XsDbVU6CkotRJkoKr7oZVZHqDlyX_rb9pc7tCx8cf4WKkAvIp3weum4dxAAAOYs7DfTFVsbJ697W7Sc3Q
http://www.economist.com/news/finance-and-economics/21613321-how-revisions-will-soon-bulk-up-gdp-changing-scales

And also some positive news on Japan
KLK3PsU4ZGv6fO8Yp_oAHoo6011y4cqw8AB1RhixqMQArdC7yNU57oQypYbV2fe5hs7yIDoTS257GGhmrBuyWpzWZflwDR2JfuvIE_UKyz5FtdKtv63iJ-AFKuaJWqA00g
http://blogs.wsj.com/economics/2014/08/21/overlooked-data-shows-japan-wages-rising/

“How to Survive a Secular Stagnation” Some advice from Mohamed A. El-Erian
http://www.bloombergview.com/articles/2014-08-19/how-to-survive-a-secular-stagnation

This is an interesting trend: the US seems to have lost the love for driving…
cLRE-ScN0O94bcvaqvSt-LoCiK94wLCgWRDwRBvufyH1-r7NnigspFhtZbNVg4DqdWLCODyInjkpSpWSdqhRYYC3PIwTg-gtFUVwhrWmErniPWklgYhxyzkriQOzASnp2w
http://fortune.com/2014/08/15/america-driving-cars/

The troubled region
WrWV_zjGeoUv8-d_Eqh7i-G4VYAv0qSlZu8hbtNapPQgzcUMSNwltCCHnwu8Fo5rzEIWHPM2G5tIwuLMGfr3DTQICf1-FuPzmO8ddBhgrQ0M2lziUCByihDsjirI0er67A
http://www.ritholtz.com/blog/2014/08/syraq/

“Is there a trade-off between low bond risk premiums and financial stability?” (spoiler answer: not really)

T2voKbfOC38lnIySXxfw7TYHoFwtWeuzbtM8n1el5ttYlapvDQQYyDMwm_kK6SZdI9_4-yEeACGJWZ1DyHQFHgd479dkes-vr5McCq0Zb5z8MpjeKLe0comKQbPMEHHIEg

http://www.chicagofed.org/digital_assets/publications/chicago_fed_letter/2014/cflaugust2014_325.pdf

This is how big the Norwegian wealth fund has become… (via @jackneele)
Lo2AdsZ9bEnNmXsGekLGsQIldRzmpoiUhGMyq5774zngdfv1XGQCICohJpV-KxIg9L0346iM08r8I6keXogcW8aHNlSWuwSxeLJ-pgvS8YucbUuVeuVHPQNCwX1WHy5Ytg
http://qz.com/252753/norways-gargantuan-sovereign-wealth-fund-by-the-numbers/

Some perspective on the depth of the European reces… eh… depression
EmqlYd_tgmRx920o38BknRhvR7d7NJJP-utItKlJk606hmZtaiSfyw6g2CSOi6Y8n6Bzz0LoDavz0Fet5GmwVMwy2mrP7-VuSWRBF4xYPQzEmUfN2v1czsueOuff1o2Hvw
http://www.washingtonpost.com/blogs/wonkblog/wp/2014/08/20/worse-than-the-1930s-europes-recession-is-really-a-depression/

This chart is originally from the Economist. Still a good way of presenting
U2klEelo07XnBqEBb_3nkWnux3VTKXQYYvhkEI_pZBLLGfiPjBmwvf99ydL90p3UFH3OKdSE5ZHi2dTKaXJwX5zaxXGTVffVc6sB1bMcqZm4iWWyCxvH6uxVcB1T1nkwIw

And in case you are worried about that Icelandic volcano: here are some cool charts to tell you what is up
ciwayquyjMvmDC0A_y5lQ8n-nD2QYtx7m7M0yXTxZ3ztDhS6jux8T83Wv5H4Ikcs7O-gJCcWAZc00IVqQU8CY0dBOwL-yuGzuSpORBPxJJEqaVGuLfG9dHGddOVO5NxmUw
http://www.businessinsider.com/iceland-volcano-infographic-2014-8

 

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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