Good Morning. Cool new dataset by the ECB on financial crises

https://www.ecb.europa.eu//pub/pdf/scpops/ecb.op194.en.pdf

Bunch of old geezers…

https://www.economist.com/blogs/graphicdetail/2017/07/daily-chart-20

The VIX is more about realised volatility than people seem to realise

https://www.aqr.com/cliffs-perspective/please-stop-talking-about-the-vix-so-much

The winners take more and more…

https://qz.com/1040046/30-firms-earn-half-the-total-profit-made-by-all-us-public-companies/

There is no Q1 seasonal mismatch in the US after all (or: not that big)

https://www.federalreserve.gov/econres/notes/feds-notes/another-look-at-residual-seasonality-in-gdp-20170728.htm

Probably worth the read: on real versus monetary analysis

http://voxeu.org/article/excess-saving-and-low-interest-rates-theory-and-evidence

There is a 7% chance of a rate hike in the Eurozone.

http://voxeu.org/article/economic-conditions-and-ecb-interest-rate-increases

Medieval cities. The Netherlands opted for the slow start, by the looks of this

http://understandingsociety.blogspot.nl/2017/07/dynamics-of-medieval-cities.html

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