Good morning. Debt, booms and busts….
Just wanted to show this picture on Brexit…
http://www.voxeu.org/article/brexit-euro-ins-and-euro-outs
And here is Buiter’s ten cents worth on the subject
http://www.voxeu.org/article/implications-brexit-rest-eu
Big study by Credit Suisse on the Age of disruption
http://discussions.ft.com/longroom/tables/equity-strategy/the-age-of-disruption-2/
Not very important, I would say, but here you go.
https://www.bespokepremium.com/think-big-blog/one-percenters-on-the-rise/
Stocks do not show the same regional split as HighYield…
https://www.bondvigilantes.com/blog/2016/03/04/growth-fears-deflation-rising-defaults-tricky-markets-a-good-time-to-buy-us-high-yield/
From the BIS: “Wealth inequality and monetary policy”
http://www.bis.org/publ/qtrpdf/r_qt1603f.htm
“If no March miracle GPIF must tap reserves big to pay benefits”
http://www.ijapicap.com/blog/2016/03/if-no-march-miracle-gpif-will-again-tap-reserves-to-pay-benefits/
The spread of economic activity throughout the US
http://ritholtz.com/2016/03/157193/
This should not come as a surprise…
http://uk.businessinsider.com/high-yield-credit-defaults-for-commodities-soar-2016-3
An interesting bit of reading on US productivity: “Does the United States have a productivity slowdown or a measurement problem?”
http://www.brookings.edu/about/projects/bpea/papers/2016/byrne-et-al-productivity-measurement?rssid=LatestFromBrookings
And related to that: “Silicon Valley Has Not Saved Us From a Productivity Slowdown”
http://www.nytimes.com/2016/03/06/upshot/silicon-valley-has-not-saved-us-from-a-productivity-slowdown.html
And the final one.
http://www.thirdway.org/report/missing-the-juice-whats-happening-with-us-productivity-growth
Country report from the IMF on India
http://www.imf.org/external/pubs/ft/scr/2016/cr1675.pdf
Interesting visualisation on chess opening moves
http://blog.ebemunk.com/a-visual-look-at-2-million-chess-games/
Android, the winner on the 1 billion mark
http://ritholtz.com/2016/03/the-march-to-a-billion-users/
The Barclays Gilt study, 2016
http://discussions.ft.com/longroom/tables/equity-strategy/the-seriously-long-view/
Some pretty good photo’s, one click away.
http://www.bloomberg.com/news/photo-essays/2016-02-29/see-the-world-through-smithsonian-s-staggering-photo-competition
And, as ever, the US schedule for the week to come. Light schedule.
http://www.calculatedriskblog.com/2016/03/schedule-for-week-of-march-6-2016.html
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