Good morning. Go long Utilities and short Telecom Services! Well, if the past is anything to go by…

https://www.bespokepremium.com/think-big-blog/sp-500-sector-performance-in-august/

For those returning from holidays: the best of last week

https://lukasdaalder.com/2015/08/04/best-of-the-web-15-08-04-nr-1262/

Some people are worried about some people being worried about the lack of liquidity…

http://ftalphaville.ft.com/2015/08/04/2135822/people-are-worried-about-people-being-worried-about-bond-market-liquidity/

Nice map on the credit rates in the Eurozone

http://uk.businessinsider.com/this-map-shows-europes-colossal-debt-division-2015-8

Ah! There is an update on the golden dilemma: the golden constant

http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2639284

More troubles for China?

http://www.businessinsider.com/money-is-flowing-faster-out-of-china-2015-8

Panic selling (selling after a 2% downday and waiting 20 days to get back in) does not work. It did in 2008 though

http://uk.businessinsider.com/baml-panic-selling-vs-sp-500-returns-2015-8

Good question: “Can recessions produce career criminals?”

http://cep.lse.ac.uk/pubs/download/cp451.pdf

And this one is for boring cocktail parties

http://www.washingtonpost.com/news/wonkblog/wp/2015/08/04/the-definitive-ranking-of-the-best-and-worst-months-of-the-year-according-to-polling/

And again, some beautiful pictures (via @jsblokland)

http://qz.com/471425/an-epic-photo-of-humans-swimming-with-whales-and-other-winners-from-this-years-national-geographic-travel-photo-contest/

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 Do not quote unless specifically cleared beforehand!