Best in Economics this week: May 22

http://www.bostonglobe.com/news/bigpicture/2015/05/20/cities-clouds/y1RRtT9pEAMZNWrKI1FxEK/story.html

The new spaghetti chart from the Economist. This one is on debt…
hZOUAAztaHjbR-yj8uxvmzelWEQonvuouG6yEq6Wyj2_6ZHiGvCD8adAF5MWopl30Ma0Yz1dQvqW9K_RV9-vns0FEPyd60wik1udGjkxT47RkVJmC2fu7npDqaWfLz46SxpHk1Q
http://www.economist.com/blogs/graphicdetail/2015/05/daily-chart-4

Cool chart on corporate defaults in Emerging countries. Rising, except for in Latin America
Xw02Mny2o1rT7yEJn3Xw8kPy--_guhP1ZKnL7bHEQ-wOXxQAV9kFX3WzmlE2AM0COC2pe2ugygBtJ00MYZkLKhPhDL4QKwM4ODJhI9EYaVnnY8YX1o4MJIP630NTIqr1FRMIJuQ
https://www.bondvigilantes.com/blog/2015/05/21/sorting-micro-macro-emerging-markets/

I have shown something to this effect earlier. Average is sort of rare in stock markets
pRcm_9YIlQ_PvRs6wtvMKIYG5scIR_n7U5QpBF4zIg6tRYL9MX5wjV4mK3fy-bHgewYCcgFWVPm1n7Aab7Nihw6xxzMsAUwYJ_49uAXvB2i3oQbg2LTYQ1dV9cA7zF6FbKU4qoQ
https://www.bespokepremium.com/think-big-blog/the-rarest-of-them-all-a-mid-single-digit-percentage-year/

Cool: for the fans of Mad Men. What happened to all the brands in the series?
hGayAS3rck-bKhxww5QDtuQXo395zyLMt94xyvZKhbiph9PGYV_NEoXE4ztbqAXDRWZy28mXrt2aOpSkzesf7XY0X3ZPuNNTyIkopLjWNHcFGCdEQN17uGPH9J6mqCzXSpzrIzU
http://consumerist.com/2015/05/15/that-was-then-this-is-now-how-72-brands-from-mad-men-have-changed-since-don-draper-was-in-charge/

Another interesting study from the IMF, over how too much financial development may be counterproductive
YGCR5_8lsQWeBLthDjxxOsuf45jirMBpEW86A9bP9V-gTGwuWkM7sSlroesEjaxwoOoFzTqEDMdW0vu8Jhgl_RcFZIYqcYDkum6dVcXA4ZEltFkBD_WqEyQsLulcXyXQobCZD8I
http://www.imf.org/external/pubs/ft/sdn/2015/sdn1508.pdf

“Why are interest rates so low?”
BWrWlDb3mY-7p46N5mj64w6kG3b9CoQrhFAso8MBRmVCjh-_45lI7UzkDrzo08R3F81FZBgv7JwdXpH2D7H6mI5eaCmUpXBKhmm4dBS0HjXhrOnbgDMtNWfYbK5aWKzP99oaEJY
http://libertystreeteconomics.newyorkfed.org/2015/05/why-are-interest-rates-so-low.html#.VV1cb2SqpBc

Nice article on rating up- and downgrades. Red is developed, green is emerging.
bQegtvRUp15cbZhiT5KAejxXWK3K9pqmUVob1rsXwroXCmGB-8d3Vx7IreVLI0yFyMhZsO4tAUdQaf2Y7bbRi-YcjIlCL6HmteUo0W8PWGbxqIf5QdFRuKvfmfUyI4BG-AYMyBQ
http://www.voxeu.org/article/sovereign-rating-changes-understanding-asymmetries

“How Much Should a Currency Be Worth? No One Really Knows“

cYTvrLrhzuFDhDT7rQoJAh0cii5_KQxq8giRCKjzOsWQKrKmu3y8DNG3cv7MmHvERrUxRHRUhMOprEmUIZIna-S362ZO6TIjH6Tw57EZFnvYyKARcKDTFlyJoKnbgdIEtzBJ6TQ

http://www.wsj.com/articles/how-much-should-a-currency-be-worth-no-one-really-knows-1431890492

A bit of reading on my favorite subject: bubbles

wV859AoIfpID0ktT8Bd-eQV2b-jyMkrUJ2GVLaEBl1H58aO24b-1rQei9xNdn6HKWiWpyITTxIboOTvPROZK9LHOwkUEucJj5jtPJawD1HSAFyjzuTJd7asriVPym12kF0GYx6o

http://ftalphaville.ft.com/2015/05/15/2129602/charting-the-secular-stagnation-bubble-hypothesis/

The San Francisco Fed has calculated what Q1 GDP would have been would have been with proper seasonal adjustments: +1.8%
2FAtmqMHPuKZkP_8gSGfsE1WrL8XZLPuWtB-odh0HrYnUTGFxUUSsIjSO6D5ySBRHfaQCoc8VqbmMGAhokzkHd35CdVKzZWI7T1fQIPS-i7o0Y2pDhIVcBYvkWOXy6xfAGZnzaA
http://www.frbsf.org/economic-research/publications/economic-letter/2015/may/weak-first-quarter-gdp-residual-seasonality-adjustment/

WallStreet still earns 3.6 times as much as other workers
lYR75ImujO_4t-amAow5bbNAmFdZaoOZSHo66hRmxjyDzVGuFvOJJJ0VX6FinfNf4MRUgmzaV-p5ztBJ8JL3XvoBv08_yB-HijMTqUHdkxB4-a4tOE06ChtRGf9ucuioqY67lz8
http://www.nytimes.com/2015/05/19/upshot/wall-street-is-back-almost-as-big-as-ever.html

Some thoughts of Krugman on Executive pay being linked to American football salaries
liN01OFg_mTeCABei7obAS15fjjYMkK442Pm-BTxSriQC8KS3y8y3dyHgKz-UM5n67MY6Lo5Ynu_5CLstRHY5GrpSkL-DNd0oGenCzM5Gu8UYZOyOFZaKLbv1K_110ckvB2UwXY
http://krugman.blogs.nytimes.com/2015/05/15/broken-windows-and-american-oligarchy/

The distribution of GDP per head within all the European countries. Look at UK..
Capture.PNG
http://ec.europa.eu/eurostat/documents/2995521/6839731/1-21052015-AP-EN.pdf/c3f5f43b-397c-40fd-a0a4-7e68e3bea8cd

A different way of looking at the equilibrium interest rate

StNleVp8zNzeYy1eGQ6azI01w5GGJafvO-d1MfC5zRE0Xn9gRw3BfSrYk-nOMaBhyIRIBQwR9bn9c6LUUFDhO1m7_Y9IqQh11EkPcY2eGpISPWhx62mDSrNq75Kea48v_Kw3Mq0

https://www.gmo.com/docs/default-source/research-and-commentary/strategies/asset-allocation/the-idolatry-of-interest-rates-part-1-chasing-will-‘o-the-wisp.pdf

One of the costs fintech is not bothered with
DT2_EaR0fHNIvSG5v25eRrOxq5Ipr6yZ3IMWSKPPT0-OI_sMnu2tZ5_R9R-338XBkiAfiFTwN1OwGGhVYqcXB6rz2pqmT1PC8aTSrnETqiBNt91TGxuT3y_JIQNEEZeFLdApQ2Q
https://www.economist.com/news/finance-and-economics/21651811-more-wrongdoing-banks-more-swingeing-fines-no-prosecutions-justice

An analysis on bond and earning yields (and thus, the Fed model)
PfA-D72I4HqlUnZ1nJYWbVmC8kGcllbSHrckXCdudDaPYoFDrtw-VZ9gJnsAv4X465p96iC-p-A2iRQAYnyxBRQBuaA1nr4fyJXaew0xMaUKfDHks0sQQhY0ux4zgMweRGL7-Pw
http://brooklyninvestor.blogspot.nl/2015/05/market-valuation-scatter-plot.html

The wee bit Keynes left out…
ksc4cAhfAdvdyC6t6NE1fG7juDbVKKhSY1VgikcYjofkzTE7VqaiLZsBCQ7x4_7fbgJsNPbVX37BtlWw_lIcKu2HGyVZNSL2ua4lzDZAVaFirXmOxJcu_H8gk0mqMXavyZFJnYg
http://dilbert.com/strip/2015-05-20

Some stunning (and disturbing) pictures on overpopulation (via @wishmaster_nl)

vM9PXbnrZsmgYLkykqB3p_LJNv0JrDiMWVHMMwTrYbNey8Weca-2oXBewMDpUFyRnCy8TLvCXXmmI59Xau57diAgZk-EhT4XZ-DWzSMgEIy9W0inKe6RLuw_Zcepq_wmFWIhJFU

http://www.1millionwomen.com.au/blog/pictures-our-world-overconsumption/

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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