Best in Economics this week: December 18

Steeper and steeper…
YQAZ0Yf_o4wNsHm7LBV24Pzdc7Rx4qf_2Jn3EpmzNN8AAYymo-UTkFCmECppDe6Tkhd5wuFjpCImrEM1ruPg9ZAGuoWm_W73Csx9EVadIZlyJhtchnbdK7XJXkQ0pGpbgnjrXQ-N
https://www.blackrockblog.com/2015/12/11/economic-trends-in-charts/

If you want to read a good report on real bond yields, this one is a solid starting point!
lbM1pBHinnD4eQEwOApU9WolnFDvTIUy6KR3rkH4dU2ZHWGizHeDc2VHm0hd5xIhJsWjeKElFnJMYOmJOm5JNv3lCqP4mh8FK93Y7QTiku7Q4_iY7eR7LEiAsLxJ8Cv-Do5YBRGZ
http://www.bankofengland.co.uk/research/Documents/workingpapers/2015/swp571.pdf

Although high yields are also making a comeback, as such…

GS high yield

http://uk.businessinsider.com/debt-chart-from-goldman-sachs-shows-you-why-junk-bonds-have-been-so-popular-2015-12

Speaking of which: this is the first negative year for high yields since 2008
VndNzr-d1-45LR9Ps49en-yMWXIwNK1YtukzkMIu7wOb9qUwev0trUSs_sl2m4iGwYxo-MDwMlcCej4cblwSpzNICJpTKF-ZBDbWGznGDotSBFB5DP3FsOwZMpB_JYG34saTv4cU
http://ftalphaville.ft.com/2015/12/14/2147788/it-really-has-been-a-bad-year-for-high-yield/

Cool chart on how big China is in Africa. It is not happening in Lesotho though…

ZsA1JJte2UcHY54WKosdDf7tBOKOhznd0cazgOzpRUHiyJeM-WWqcf37Gg9sDJAL2vvXTC9NezLuGROmghUqy2sZQkKeM-6CRNblEYDYBpMUz-yaHkExwjQ4Txp9GId8QcZgrTMw

http://www.ritholtz.com/blog/2015/12/chinese-investment-in-africa/

So much for ageing having an impact on asset returns (stocks that is)

AlrrmB0Nm5V_4Pyk3FO3GE1wRjD0KtIJAy0ZZoa3Om7TQvDtN80HxgnRdBhxJnp3bxcTE_m_qq48xwD1U91bLjS_NPaQ6qH17c29qiqH_d381HYsZvy3DryozHWJV4rk57hIjex4

http://ftalphaville.ft.com/2015/12/11/2147584/why-should-changes-in-population-structure-affect-valuations/

A bit of history on the weird debt ceiling they have in the US
qIwxrLA2NjkiyLHq7I-23R1rlBo0ettKaHsbcujdONysZPkhShe530gJAQj0qUACvem7ihFHZsgOKiSrrcqnuqTCHotOQS_WlA29yJGDNJpXP2nvytzfzArjOzSmvK9kqopXv5Wo
http://www.nber.org/papers/w21799.pdf

The Trump is still at top

2TIyTAldepXkmZ4QqJTyDT03skUJB1_RQT9J9ON6k8lPN62eTijf5gAT5wq6u5EXT6dopNSd0yRgOWhljeV5RqeEEKvHHFAD-eEkSZ8858t1y86ead7qcpAiKZZBk3BQXmMs8abY

http://www.economist.com/blogs/graphicdetail/2015/12/fifth-republican-debate

Credit cards! You still get impressive spreads in that business…

cotd interest rates consumer credit

http://uk.businessinsider.com/what-fed-hike-means-for-auto-home-loans-credit-cards-2015-12

Cool chart showing how inflation keeps on under delivering

Inffore

http://economistsview.typepad.com/economistsview/2015/12/fed-watch-makes-you-wonder-what-the-fed-is-thinking.html

Inflation, deflation: a pretty even draw…
LTgiaMjx0lTiDCIqqLRTqIaslwMItD0DJ-bgRvUOoeMN0lYAZoVYF2j2Qrq3cEF-hk3U7f5tpMpe2L4dJIaDAy8k0a5MFSUpfprCLcWXOaBKO27i9wI4XsjheHffAloO97aVzWgf
http://blogs.wsj.com/economics/2015/12/14/a-brief-history-of-u-s-inflation-since-1775/

Why low rates may be here to stay

piez7WQESCnHNCewwIwUreWvHUxU3oagoypWFJ2uv9YxckNTt9LWoYFvQQMEpFUybrakNI8KbRzhCZ6rBB5RSquZIhxtvc6C9zRDVMvd12REQFdv1Y9od1af72fsiz29ZHAI1JM2

http://www.nytimes.com/2015/12/15/upshot/why-very-low-interest-rates-may-stick-around.html

A bit of reading by the ECB on the employment recover in the Eurozone

rLjDhqP3jctbOYFBeSPobDLAksm6bTYPP80591j74BrfeEg0awc4GXFADTde-VuUBjSs_0hflqpgY51gSQ7FpeUrUzdjSlIi3vPAPd7AyLNLE_lBcBO9onSOutfehMEbh9QX9WAr

http://www.ecb.europa.eu/pub/pdf/other/eb201508_article01.en.pdf

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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