Best in Economics this week: June 5

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

_eT6bAz5nghisDfxN0ISHS6AKkzxUV8qC8KyYzKMpxqLvmIo5GIvh5rt4o965TOvOFcQ1neeMEvORu4fDs3_JDcEpTcPq_ptUmPQEFqH7jLQf_wooYolBOfgvs8eOlPPtm5rHm4
http://uk.businessinsider.com/global-gdp-growth-is-still-sluggish-2015-6

The International Energy Agency has a cool report on renewable energy
d3Mmo2r288KCSdsVrgyKMtYX48God5I3DfWSyGCmnwdnNrV__ol2j4wyGGlqQocC7Yp6GpF_wK5YmB0hvgbWOdo88vJPHKoP90bl8FUlq-9nvjVSPXSDWyfK85Wy7rgTCFNOAYQ
http://www.iea.org/publications/freepublications/publication/Tracking_Clean_Energy_Progress_2015.pdf

Robot density. Sounds sort of eery…

3bjd5Y3zwA7Acxws8UBclKD0-XJ0mZ4lxqeYChQlbxgO80SMHXqXZhnsyrGM2fy46usbWB2NfePxbu8Xuo7UTgKRdkLzToM9hPBesCaP9QYffNt5S0XqPDi5foMF0dBzk0e-SaE

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

“Two pioneering academics make the case for commodity index investments”
2_grhDqwsOpFC_LOvQLKxzbDyx7mXqSkYeN-qfgBKoy4W599zq3syKxbyaXOHu7hGWU8D5t3hXf0eEk4-J1TfVJ-erxPZiApHcDEnb3yTCy0Vnht1WVR8pfezjswd4TmpxjcYjc
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

6PqTGuGQHT-2eTInTIlph_-4AEa-kp9fSo7fOIylPS9IeLJUmgHfSDwIXO7qC2I5O84PqNHIPEY3EWRyQz7FnbDB7CpLpPpsrR5U7gMh5mI7XotATDidPP1m31sBSI_nBy_H2Ek

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

30% of all traders have never witnessed a rate change, apparently…
Uby9NzRPNHSZxsQMwZfuPG_YprcmfMGWnn0lF-520DwDpxtE_MDfmjMPKhSG9fWg8mv3622CE9Uynv8eJpJfe8Q6_9aiEaexqu2pqLHYXkvsalyymIWO3k5zuHKCWMHklwh0LqQ
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…

6CXlUU1HmX3TNLiYkqRIS3Ks-WokK_rxXYwQUyiG-sNAwcDoY88a1F3RGpEj_WI4T4i--Kqp0hE5Kb-xF_8jHaNXnHcfdNbfPN5HlmO0P6PlSoXqY7CzjquP_ld3SIv3bw7Qd_Y

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…

b89UqgbENYIEbtiPXllMI6-arocXbd-9KicgADOWJ7ygOfvfNuDM1j-fsCisYdFkWLNy2wL1zHfv9RcRlMzZzLe0KMjywnoc5GzoePb_J0KkA_rfIIBhtzyHBBQ3HLlIupkZPpw

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!
dmd3vEpjr8rysvVmEruVNsyf0r7gY-wPf-m-gYFfcEJgnHcHi7dOlXyAnm8BSBhS7lbqVf2PbXjbLtcJyiLVALbNyo0ZncZ2QwmanBOSaVcwGYhUdrDK2vmGm4JLRIPvxLZ8DDQ
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…

9dbGgGkpNiViJG7byI0CisLnvwiy_xXjfpB5RjIKZDe1YsD62amxwAQRdA6G3jjRRnmJ4i0h8xLC2wsAPvMleJf6myzWTraxmEndkgwPDgJ883vr-rSzTdw-FyMz__QvAZZOeQE

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

“A unifying approach to prevent asset price bubbles”

XNsDXVd85sR-jjqzRpcXkkgMljn6m0QziUSldGio9RRUSCZGel0vQYgX4BBkDONTfJe121GePUWRwlgRf2g0QGgZqdU4LSH0kpqOWNwhZsK6twRtYLE7nYzDYICkbm4ZBIOTSLs

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

On ageing in Europe
wZTjWp3MVtb4fqlli2tRJNkb0kCF6p0RE5MSUN-nJZrSuWMycTQ-D-Zl9EPWLOGlCmn7HSwWWRJM_0EydPU9nJZZJDBPFuREuRgRcEyGFew9-JdiIC4GdVsWS0axSzDlDnnpWYo
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
1jRtYM90VHzRWzKuNowCmBPtQoTJ7dy44ixU6BfDT-sV22-Gcbd8XWEjogJUFU6l4tv-rLI-LERCrkW9dNk4FX2jl3j1Lfpa4CSYImsNr1334qKq9vWjheLg5oVRoQYr3nggzOY
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”
TYkfiBFL66NlzeE9PazGqoqKW3ZjYZBYYIA05djqt9KObUGRv-2NSLTt1sQwjuKfkt10y0apYjZI45FrD4la_Rb2x-v9NLlPTHbMWPEwHbW4XbDcfhwPe743lfFP3nB6B4IzrOU
https://openknowledge.worldbank.org/bitstream/handle/10986/21807/910150v10REVIS00Growth0Final0REPORT.pdf?sequence=2

An interesting point made by Krugman

AvEegD8op36GaAB2wIEuKoRstsiikl_T8KDLTtl7e3Jy41I6P0kNWjo2RQ7L8SrYfjw6Z3GyPF9uT09-upueyyzSOXtqRSGRpAQ-dfkhfTooFtQ9i4m8AXzwLVZ6C9H6Fu6ed7Q

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

A bit of reading on the success of risk parity

z4g3Nc3zgzaOroLgeOZY1gKSL5UzXNlITk8z36RmuskOislHpQvIq0uGWfabS18Zu-xczaDcVmBxLshBUSICHEkRNehqh9CcBDfZElJzvVMdjbgBt1m50LR_yB0RxL6aWptNnFk

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!

One thought on “Best in Economics this week: June 5

  1. Pingback: Best of the Web: 15-06-10, nr 1238 | Best of the Web

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s