Good morning. Jackson Hole came and went: here are the various speeches held during the weekend. The chart is from Draghi’s presentation
http://www.kc.frb.org/publications/research/escp/escp-2014.cfm
http://www.zerohedge.com/news/2014-08-22/mario-draghis-still-whatever-it-takes-jackson-hole-speech

The more you hype it, the bigger the chance of a negative surprise. In this case it applies to Jackson Hole…

http://www.zerohedge.com/news/2014-08-22/did-feds-magic-just-run-out

Your kickstart of the new week: the best of last week!

https://lukasdaalder.com/2014/08/22/best-in-economics-this-week-august-22/

Cool charts on oil disruptions through time

http://www.zerohedge.com/news/2014-08-24/oil-after-us-hegemony

Oceans appear to have absorbed the excess heat in recent years…

http://www.economist.com/blogs/graphicdetail/2014/08/daily-chart-14

This chart shows that the rally in Southern bonds has not helped the corporate sector (in real terms)…

http://www.zerohedge.com/news/2014-08-23/europes-real-borrowing-costs

Who would have thunk that: subprime is back!

http://www.ritholtz.com/blog/2014/08/10-sunday-reads-74/

I know this one is old, but I like it. A lot.

http://www.zerohedge.com/news/2014-08-23/g-20s-solution-systemically-unstable-too-big-fail-banks-more-debt

A bit of analyses on the Emerging Market Debt market

http://www.voxeu.org/article/new-breed-global-investors-and-financial-stability

Very cool (moving) map on the boom in oil and gas drilling in the US

http://www.businessinsider.com/animated-us-oil-and-gas-rig-map-2014-8

And the schedule for the week ahead

http://www.calculatedriskblog.com/2014/08/schedule-for-week-of-august-24th.html

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 Do not quote unless specifically cleared beforehand!