Best in Economics this week: October 2

This is what happened in Q3

nhaBsKFwMzbyNChaDGiq4yPKu2zr5c2SEXvoLuuwOUx_4OFyuOMEP6mH75KnAhJytTw-Nz-c3OUiYFBqpt4b6F9ga309CbMoj4AlaumlMN-uoanEN8l2QqPhEx4tdOIKCOLLiAKw

http://uk.businessinsider.com/pretty-much-every-financial-asset-got-hammered-in-q3-2015-10

“Potential Output and Recessions: Are We Fooling Ourselves?”

Capture.PNG

http://www.federalreserve.gov/econresdata/ifdp/2015/files/ifdp1145.pdf

This one comes with no comment…

Mind-the-gap

http://www.extremetech.com/extreme/215079-vw-warned-not-to-cheat-on-diesel-emissions-in-2007-suppressed-internal-2011-whistleblower

Leverage in the oil producing sector: market cap has declined, debt hasn’t

mLZlCDlb0uk_Fnxnsj3ROPs8aznHiq9afjR8fE85JLUulTT2Oh2cbOCJ_r0CAPPyvIKqnvkz2QzeV44ku8gDdSkQaCFC9WeGQdJDcn4O0Gi1wMcT2TOb7PUG1Aj5bsWzHQ=s1600

http://ftalphaville.ft.com/2015/09/28/2140986/a-history-of-leverage-and-the-mining-industry-2010-2015/

Debt servicing is rising rapidly for the US oil producers
UQ7PZihJa1eMc9o9j01lypcAQ9MRa7txNvNzIT2Nyw6z1nqfOp1HSUg-4Xbwung1YBq3Ew89ob-eFUXA6cNX9l3NbcW0G3VrTBBahmplsyjAMELqNJj0qHe5zy8S9UtQmHJKb6P5
http://www.eia.gov/todayinenergy/detail.cfm?id=22992

Liquidity, or the lack thereof in bond market funds…

rzcgtIvklgd-fvoKWGP0gwfakZeUK-xIXN556-BgfQPtuCjZU9ikAItxWIzXKHHqtCFTff1cMHjNGI5vwN8vwU5f-dKCMK2uoKSvRhws1_lXpWk7bvmT9Yiwyt6j80LEJA=s1600

http://www.ritholtz.com/blog/2015/09/a-question-of-liquidity/

And here is a bit more…

ZCzThQ4DOgyP4DSGaUzyiwlSFP0lsbxmWxa71N1qW2AtZ44t02_PXnThxaMlXhCaRBJ7FUDzoEE2jXUcexdEiYFyzMiar9rtRkaVBQ0u3GGk2tH9FBQpspU31_TDKLDs4w=s1600

http://www.nakedcapitalism.com/2015/09/wolf-richter-this-is-when-bonds-go-kaboom.html

Mmm… not very encouraging.
kjF0kxyk-490xWIgh6z6j0d9VpFaJJSY1trfJ1EskzccrVsraaoYSeaz_lMnTOBVvzNJr6dQ2NjXv6Xp3zSGkjqgL9Oj3XeyyTUczQ1BMN-4ALJlxmnuikVU9Fbg9O34ew=s1600
http://uk.businessinsider.com/carl-icahn-warns-gaap-earnings-growth-3-years-2015-9

On how extreme the exchange rates moved during the recent episode

gQBeLnRKCf7a8ei81RGIalNIe3UG4smZ6_DzTdVjiyQ1y7ftTIK-2e2aMawelbS_PBznNWZSZ5qqCpR0sW_FAdj6ytQt30j8gMU39mZdLgCZAy0LFrFBu23SAB6PC-5SdbMgbWjT

http://conversableeconomist.blogspot.nl/2015/09/exchange-rates-moving.html

And here is some more on that topic

KwWAXjuxCy3xENlbKSWSE_0HQ7TCOTyKEmTSL_4v14wmaUCiBtwcmvlJmKGkhvXISpbOfvkxfQpKrBZQeet9NAtIyCT9jOH3uvMn24Y7UcbL7sK79hyUNLbMP39Oxiir4cAj4jA7

https://www.economist.com/news/asia/21670084-region-not-crisis-slower-growth-hurting-running-out-puff

ESG meets, or misses, Volkswagen

PEXxeQAcx6ND_xDseiot9Ee4zAr6pDC5nK3A7E07ej_KK-WVT15NmXkzOnfI4vZToqHPfzMLe76MlrsdvoGpkx8nhOknbWhPVtdq6hRrhsF99UwiZOutwAqM71sWDYR6Sm8=s1600

http://ftalphaville.ft.com/2015/09/25/2140878/putting-esg-risk-into-the-market-with-volkswagen/

How much gold there is out there in the world

World gold reserves

http://www.visualcapitalist.com/12-stunning-visualizations-of-gold-bars-show-its-rarity/

The rich are better investors? Well, this piece of research tries to prove it, at least

sophisticated investors

http://www.bloombergview.com/articles/2015-09-25/the-rich-are-different-they-re-better-investors

Net issuance in emerging markets has dried up in 2015

R3UmU0Q3iO9CkeIOlKqkhF83w4FDe7xj1zTAr1GaGbSl5fdcEysaoy8lk2zYXHC3SatRKLgiL-Ykjib-sWSu1kUwr85zPyh8Yp9LCw2gRZQuL17ABVOKfhx6uzuL4nP6oOc=s1600

http://ftalphaville.ft.com/2015/09/29/2141126/where-did-all-the-em-fx-bonds-go/

Or has it?

sbvPJsd5yyEiHs_gHH-w5Zf817SORpj5by7Z1uN5H_vlwkCoMVqy5pgjyNTAvxWvDTBeNH5CCn5IFCHZ0uyI7ZGKq97KF9prM_jJywZL29Bu4iBEiR43h1z2tBGk_iJykeY=s1600

http://www.imf.org/external/pubs/ft/survey/so/2015/pol092915b.htm

A bit of reading by the IMF over Australia
iBhWyS8xrjBhp2ysEfcZHRmSaNMISTw186pNd-OPVK1Upbawy4e4H1kUc4swX1jlPQyFgSOpMdHPAalr4Ky3V23_nYWy1O-zTyrx01OW_DkFZiI9208N3JFrKVN0k7zRwoTdPZun
http://www.imf.org/external/pubs/ft/scr/2015/cr15274.pdf

The meaning of probability is something different for each profession, it appears

https://mathwithbaddrawings.files.wordpress.com/2015/09/20150921070718_00002.jpg

.

https://mathwithbaddrawings.files.wordpress.com/2015/09/20150921070718_00003.jpg

http://mathwithbaddrawings.com/2015/09/23/what-does-probability-mean-in-your-profession/

I have shown a different version of this chart last week, but here you go: US consumer is more important than the whole of the Chinese economy
BH-70hJG2gaLu4YlDaotyf-kuyUXCb4YLR3FlHXkgTxBq9yL4FmfcUMtwrxwWGlId2Uo6-RAdaYbwYv7pohuR973NJMldd_9aQLWudz2xLVY6TknhTqLvEM3Z26sQ1kEIQ=s1600
http://uk.businessinsider.com/bulls-excited-us-consumers-despite-china-2015-9

And a bit of reading on gun related deaths in the US
0UKxWZOHoI-X1DPlG_jAEMoj9Nf2Bhyi_h9c4EeqsMpGjJP9hHH0sH1fMEdLEUxkHS_7wiC5NyM-2QJkEbJ_nHtccHT-Z9uGSpBQ1U7AC-EpO9EGKc0MrwaLYyj3OAB8CkWEprXO
http://www.washingtonpost.com/news/wonkblog/wp/2015/10/01/guns-kill-americans-but-they-especially-kill-young-americans/

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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