Best in Economics this week: October 30

Ten super Dilberts: spot your own favorite!

WEXkfNFFc8nFJWFfWPEpzKbGj1ELvt_r1mcY9XiSLLDnf22RYMKGnxvKEKldPA3273QjhdVvS7PWYA3UZ_6wyOQSw6O2AoRGAyLb8Ib6HBlF7EdUNL7D1Xi_sp-Hr4ufvNUYWDWy

http://uk.businessinsider.com/best-dilbert-comics-2015-10

The importance of manufacturing in the S&P, versus that in the whole of the US economy

o9LplY8nAjL63EgPkktytiwuvLzpdpAh3o_n_hNUwaoKuyrmQeRL-0ZFOoqH_MWzM3huigbpx_rmaAeanEN65Q29odFQ0Ri1r6XaRi2y0MBNK0t0_KROuIrq8U8sBuCwS2nBqLN2

http://uk.businessinsider.com/charts-showing-that-stock-market-is-not-the-us-economy-2015-10

And here are some more S&P500 factoids: how the S&P500 breaks down in credit quality

l5Po0xhhcQS9IR--67GXPTF5Pj0DgN8kEuSnXtVR3wvaaRPw90fvWivBr1oAIHxscfX90n4UjW0wPtjxdIlMi_2hMqo_Dg-Js5h2FPYyiCxCKjsjLfiFbBPEpALyFZJ_YSejnLzh

http://uk.businessinsider.com/speculative-grade-companies-in-the-sp-500-2015-10

Spot the pattern.
Cajq-iYSbXkowqmhIGegSwNzvx_sQM3rHVuHRnkIwnhXFqgCRWq027HC-nqvC8_3BVOkr11Vj6TcAGAv1oLt5JePEFqnxbRoXCsqsVNTcTgUZOB3BDMoN4jN-ztIVyCqDKHfVSMH
http://blogs.ft.com/gavyndavies/2015/10/25/ecb-and-fed-reverse-their-traditional-roles/

The buybacks are back as an important (negative) issue
GLN4M_4aKAVGn1LrQMSjCWXJ4yhCta5BoWgT_ZfJ3QZBVX7Bz09-vBP3NZfUYLTIKJumyTUXahuDiEJG-gLO1Kq6HpnSpvVy-shfYZBaIYytFqQDtnU5NZY0m4PvwoRgnGP0wQSz
https://www.bondvigilantes.com/blog/2015/10/29/happy-halloween-five-scary-charts-that-freddy-krueger-would-be-proud-of/

Investing is being willing to take ‘some’ losses
ndmIewq9s4zmGjSqzyi5UVtDnOFK1LbZQp1OxHUmJd9RwLBr_5L5RKg0MoVB6XnTFpxL6r9bM3RSwSo_kX6kR6iT2aIK0LaMoLxfBwV571fyr9VOaukWaOsnMokekwJhY3bxlZPW
https://theirrelevantinvestor.wordpress.com/2015/10/15/dry-powder/

Or not? “Are share buybacks jeopardizing future growth?”
ZrIoJhU1XRwJjpntaNeCc52WHgWPbUxMSE7MRi776NGIPSkhO-DdH_O76DKom6liz2j9XvkDB0HOT1TVgoRbXset1droUKM6rrQcq1dI6OjpW4h_vvUiRIO55qofwVIlNDYuSag7
http://www.mckinsey.com/Insights/Corporate_Finance/Are_share_buybacks_jeopardizing_future_growth

A study by the IMF on sub saharan Africa warning that growth will slow down

xGt0DwCOVGScj3h5dUMI2zkzFJFVDPtJOf10q1WW2HRy-Wng99qxW40TW4GftVn8Blqy3OkhBVsBnuqnbZX-_vkAqGMTzKFU_RpKmo01oMQraTknjymSMxcCzsU0rk7i6RcPaplk

http://www.imf.org/external/pubs/ft/reo/2015/afr/eng/pdf/sreo1015.pdf

A nice bit of reading on the weird Chinese statistical quirks
xO2Hqq-EH9GSScbZlPMaxB6FzFdWL5MJSJ1jHrTWFv6JsN8w4jZ0r-8omsfKyAQwNSojxB9SBitjINQ_15xX3ie0OyDYFK_MBYnQLiDHQJy2ZdZLpL_whAkZ5HXnk74xOJn0eufw
http://qz.com/530096/china-data-tricks/

A timebomb waiting to go off…?

KXgm9E7KZ-o_85OMFiCqimtSBebflhWDaqXAEz-L5YC7ZCz2TyYAV2iqQ6chWuTslx1g9106CiPP0q2mYRfE_msF1i5orc2cvwKlVEEeXRh4Fgejfs0bNgp7ehwGe2SBNUoJhBX1

http://uk.businessinsider.com/china-country-rankings-of-sex-ratio-at-birth-2015-10

Very beautiful interactive chart on oil markets
Eqduy2tfy8_DVMQ4xH9B-IK-OR-SlE_rWJmj0s_UlqBuDkevvvOM1tVYy3lqf8869GUpbl5Xqi2Mhh95PXGWhE21-U3jsK7-ra7MXbOfTE8uc3OvkWCoc00KRuFJ6CKzr9on2ob4
http://www.nytimes.com/interactive/2015/09/30/business/how-the-us-and-opec-drive-oil-prices.html

Waiting for outperformance. It can take a while, sometimes…

FF HML

https://theirrelevantinvestor.wordpress.com/2015/10/26/historic-underperformance/

Interesting topic from the IMF: “The Fiscal Consequences of Shrinking Populations”

adYda9HPr2I96LsjpBWVS1q3RlthBFDSY1_t2gdb6DeJPbjcZeTyMedxyF-rOkDibmfeviCb97rK3sjcT4UrrIdCXHvJ1d_Aq-pLy0xis6fbfSjz9a9uib8da_Hi6vWp_IcRgNOJ

http://www.imf.org/external/pubs/ft/sdn/2015/sdn1521.pdf

I am pretty sure I have shown this one before. I am in the ‘Trust us, we’ve got everything covered’ camp

Sounds Good In Theory

http://awealthofcommonsense.com/the-sounds-good-in-theory-portfolio/

A bit of reading on the Philips curve

gs7YYHy5oHHhEYmKva1R9qsB8xuwtIwHuxCc7HF6DmuUuKkGdeMOOytFfm9flJpr_H0DYkVX1GE93rQa0Lq6xg_z0enNlfisZ4UeSxSp8lPyKxfh7A-zaqfY2SywwBblLZ9gw9Fg

http://www.bradford-delong.com/2015/10/mr-phillips-and-his-curve-what-should-the-fed-do-weblogging.html

A remarkable divergence, no matter what

WT-ar77mYsPQuj93_1OsosI3H4dTO93qxGHzzxYDbrxESJketKL_KdtSfZ65Lj4zXhopV2hA6oOvACUV_tP10b3p3HJEjsrIsnhQ5fBHloZ3PLwtxRHYJiKjgWmq92S8taAjDTaR

http://uk.businessinsider.com/bank-of-england-should-hike-before-the-fed-2015-10

And they still haven’t abolished that stupid debt ceiling
z1fZFOFZgVNI_QjUi3Q3J1v6e6fH_sEmGAWL7jM8DgQQMEG9eGGw86Eq3j6zL1zhPBubvvGmHSzvLUKAo88dKh1Iaqgfs7Hgb7YzTvAX-P78Kk-MSELnoDsqes63K9kVceOARH41
http://www.ritholtz.com/blog/2015/10/the-us-debt-ceiling-has-risen-no-matter-who-calls-the-shots/

Quite a bit of history in just one chart

6A_o1g20ejW7Vrr8DX7uqGzbKRE5PApojlewr83ml7WXepibwhD2t3NzKw0C_f9EDsb8IRgtBgQYMc5odgAHH-2UUlARvuGkiGLDgiFFG3hWo4Z45kh1SbgEVfDaUQMo01fOF2QV

http://www.washingtonpost.com/news/wonkblog/wp/2015/10/29/one-chart-captures-why-chinas-letting-families-have-more-kids/

A number of interesting topics collected in one blogpost

qF9hgclbVAfa5KUyMwqwSQW1-O1yDYpdHWcfmClcrcC8zA_xbcpyyAXSa3CC4NwlJyXwUCd2o4HIgVqBp4qS89u4aqk4iuXjg6HZzA2pBd49MjKF3NS97FeAncJ-QqUcGnemMYy9

http://www.voxeu.org/article/selected-takeaways-ecb-s-sintra-forum-inflation-and-unemployment-europe

ETFs have become bigger than hedge funds. Who’s next?
0P0tltpIjc0NqKBg-h98pbGaKnH8kQ8_UsTLgb8AmMMyaTjm0KB2rA6gYjMKyKdtyHuELLT_APQ6oW-QCZD7DM950QSgzM_thfJ9GtPvo9Xgebll0rjE1_ajwg2gl5HjoT8dXU4X
http://www.ai-cio.com/channel/ASSET-ALLOCATION/The-$3-Trillion-ETF–Boom-/

And there’s your answer… (and watch out for that axis!)

VbmZswz7eSkfSXnrTnnttTZF4WTWeyIX3ELe3s12qa_F830Frg5YYKjrfCdhGi4A1bySjfiQCs4pE8ojbg0UErkkTKeS99O3vho8RMsvw3iEzdn5uL2jVJ7izeLPB0Fyh-chB45p

http://www.forbes.com/sites/baldwin/2015/10/01/bad-news-for-janus-franklin-and-t-rowe/

A number of beautiful old pictures of immigrants on Ellis Island

ALJRj1Ef67WEdS_z44zOcslQWtxIz_MBw3Hnvxd8jMRfma--kl0-5g5K8vny0VsjU4IKJNCtf2BuYcN0xGaWdLNO1eVbSvZ8J9MTYtHLlSLATGNzuEvi5S75on8Lv5kAl1NlKO7X

http://www.washingtonpost.com/news/wonkblog/wp/2015/10/24/what-americas-immigrants-looked-like-when-they-arrived-on-ellis-island/

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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