The state of the world. The blacker, the better.

http://uk.businessinsider.com/global-gdp-growth-is-still-sluggish-2015-6

The International Energy Agency has a cool report on renewable energy

http://www.iea.org/publications/freepublications/publication/Tracking_Clean_Energy_Progress_2015.pdf

Robot density. Sounds sort of eery…

http://www.wsj.com/articles/meet-the-new-generation-of-robots-for-manufacturing-1433300884

“Two pioneering academics make the case for commodity index investments”

http://www.ft.com/intl/cms/s/0/a6ff2818-094c-11e5-8534-00144feabdc0.html#slide5

Some thoughts of Robert Shiller on the current valuation in stock markets

http://www.businessinsider.com/robert-shiller-investor-confidence-2015-6

30% of all traders have never witnessed a rate change, apparently…

http://www.bloomberg.com/news/articles/2015-05-28/wall-street-s-young-guns-brace-for-first-big-test-as-fed-looms

Here’s a chart I haven’t seen in a long time: PE to growth ratio. And it looks ominous…

http://www.bloomberg.com/news/articles/2015-06-01/peter-lynch-secret-to-finding-value-discovers-little-in-s-p-500

“When Should Public Debt Be Reduced?”A radical solution for high debt is to do nothing at all…

http://www.imf.org/external/pubs/cat/longres.aspx?sk=42931.0

Now even Goldman Sachs is calling on companies to stop buying back their own stocks!

http://www.bloomberg.com/news/articles/2015-06-02/goldman-sachs-to-companies-stop-buying-back-your-stock

And even more on stock buybacks. In the end, there will be no shares left…

http://www.blackrockblog.com/2015/06/01/pay-attention-todays-buyback-boom/

“A unifying approach to prevent asset price bubbles”

http://www.voxeu.org/article/unifying-approach-prevent-bubbles

On ageing in Europe

http://www.economist.com/news/finance-and-economics/21653660-europes-ageing-population-poses-long-term-threat-monetary-union-force

And some more ageing. Buy Wales! It will probably be the first bit of England to have passed the ageing cycle trough

http://uk.businessinsider.com/credit-suisse-demographic-report-a-serious-future-challenge-to-the-uks-financial-sustainability-2015-6

From the World Bank: “Beyond commodities”

https://openknowledge.worldbank.org/bitstream/handle/10986/21807/910150v10REVIS00Growth0Final0REPORT.pdf?sequence=2

An interesting point made by Krugman

http://krugman.blogs.nytimes.com/2015/06/02/the-inflationista-puzzle/?_r=0

A bit of reading on the success of risk parity

https://www.aqr.com/cliffs-perspective/risk-parity-is-even-better-than-we-thought

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!