Best of the Web: 15-06-29, nr 1251

Good morning. A lot of news on Greece over the weekend. Almost none of it good: a referendum, the freezing of ELA and more: European stocks expected to take a plunge today:

http://www.bloomberg.com/news/articles/2015-06-28/ecb-said-to-see-greek-bank-holiday-needed-as-ela-dries-up
http://www.reuters.com/article/2015/06/29/us-markets-global-idUSKCN0P815D20150629?feedType=RSS&feedName=businessNews&rpc=69
http://www.ecb.europa.eu/press/pr/date/2015/html/pr150628.en.html
http://www.ft.com/intl/cms/s/0/49775bac-1d83-11e5-ab0f-6bb9974f25d0.html?siteedition=intl#axzz3eHfVhuG8
http://www.scribd.com/doc/269899736/EC-June-26-Proposal
http://www.businessinsider.com/the-economist-on-greece-2015-6

An ominous sign: China and statistics
http://www.afr.com/markets/market-data/hsbc-dumps-china-pmi-as-beijing-tightens-information-flows-20150626-ghwa1o

Debt leads to a bigger negative impact of bubbles
UjYKnNzKs_UvVIcIX0KD3i6bCUpgw97-Cf_ETlFB_3nfSsF9pCgIFRyyqQlQzm5zb2kn3WEjzEm6OGY8qdcUVy9kHSscd-7eqrztxNbu_YnmNCcLtsmFYe1IkJ9SNqruzImoQ4I
http://www.bloombergview.com/articles/2015-06-26/the-reason-debt-bubbles-are-worse-than-stock-bubbles

Darn! Didn’t make it to the top ten!
jMtB43imJFR2RD8DsRgrRdlNYaPE4FAzDrlD_RRFFmkSbRcXxTmytiuJV2xNQKJmb9vviSaYrMaBbMWmWv6PASeAzKZONxG30yZhc-bL_hFM56HUc8KSVxJqefXYtxUsIDfYCYU
http://uk.businessinsider.com/countries-mentioned-by-sp-500-companies-2015-6

Cool chart on the state of the world economy through time
OkFO5vBUsbBEtbdDBZbAifjjmWsnL57LhsQdmI5IZjbj3RzJ32WgsgnKjOXNmfvMWUKgdFnN-Vbj67KVTRKGkEvXadPFJWXUfa-PJKjanGlrCRfAOHEzXyQT6zgYnrbzj2TaCas
http://www.ritholtz.com/blog/2015/06/em-hold-back-growth/

Capital flight is restricted to only one country, this time
sDv2oxZ1fUvtHQwNQn4esLW-0KmnyvbvbfXFxwPnGBpQsgbQmeyHJCBF-PpJP10zlebcyXKxxWLSyTcoFU2q-olv2jQZ9xykEwyuZMZseX9J6BWjrPT1ElBmi5bOwL3HeS4Sbmw
http://ftalphaville.ft.com/2015/06/26/2133076/capital-outflows-then-and-now/

Poverty around the world
3j_Ry2IKlwkXkq5uYbbU2cvfOGcCRFXDMljbcxThzXfYESBBa3N77-PqQvhgHuYaxisAdHv4m9TDlJ2RwSG7DRNGoXTUNj-fTRBw_Xrr94NzFANfr3o3zANfaKNDnCvlQTbf2Yg
http://www.economist.com/blogs/freeexchange/2015/06/multidimensional-poverty

Some inretesting charts and comments on the breakdown of US income
1s1CFmaWeS73u6tFPF6VRecbVApB4AlH6JT1a7GyI9BDxx3Tw38LqEhRhW0yE731Zkxnlqt0NnJR8ECxhDj_EzkGLD05FCoFdEEkciFbUpBE2vqbkkeGkzWv6pQWxVzZhvxvwUk
http://ftalphaville.ft.com/2015/06/26/2133005/the-changing-nature-of-americans-income/

Water is booming business!
YR_mC_1QzOivRnwosmfVQweEI59nEOyDseaFjkApXsGSb64hn0xelkhqtnVqcBThFfsgvMpoRbXcmlx-0--MGdswuh_DaiLbr-qdn1lpJ61yTKeiEbmSO8SicKyibOHCIewXeyc
http://www.buzzfeed.com/johnlingan/a-deep-dive-into-the-worlds-most-prestigious-water-tasting-c#.ok4BGg1g2

And while on the subject of water: look at this water scam…

http://nautil.us/blog/the-chemistry-and-psychology-of-turning-water-into-wine

And, as always, the US schedule for the week to come!
http://www.calculatedriskblog.com/2015/06/schedule-for-week-of-june-28-2015.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!

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