Best in Economics this week: September 1

 

https://www.theatlantic.com/photo/2017/08/hurricane-harvey-leaves-houston-under-water/538215/

Here’s a surprise: the ECB is quite positive about its own Asset Purchasing Program
pCneQyMkj75MwuzoLW1iJZx7ZBSR0ldkc2Be__L1etz4Yk-RQj4R-TIz75UgRhjkcgiZhvTo7r-VRnHjyGmwQrDsQjjExf_6rt4afp6aiFq-h9uf4KKOPnsA6XEqWBwvDQYqAV5S
http://ritholtz.com/2017/08/macroeconomic-impact-ecbs-expanded-asset-purchase-programme-app/

The rise of assets worldwide
IT2mJe8iC8neI1VDn10MQT0ixGsE8XVUXhVZXHCab6bsFs11O88rrEdkxVN6pE20Z5q3ATMgMkCEwS3Muz5a9BXT_QoadTX--Is6B39BuLwEcaEL-oquKs_ZZyaSomeZ4inY6MUL
http://awealthofcommonsense.com/2017/08/how-to-get-rich-with-alternative-investments/

Oxford Economics lowers its outlook for a smooth Brexit
guFuWnqIV0-6-FlzgDeD9dpujEodQOZSnKt5KHMs-griMYeZ3U9ub9FPLbnCPV_CPzSxPwzatMTa_N2ZbijZYRAFXSCEHXVP-Yqn8UtA8td8vntBOFqcfbKZ4U3Mu0UCo8w-yhq_
https://www.businessinsider.nl/brexit-free-trade-deal-oxford-economics-2017-8/

The IMF on China: debt is certainly not trending in the right direction

5mpr2HZgMuFKA-CI37f2LxfboHS0kCqfqOhXohJX7fQbN4n1JIjYRe0oA6-ajGaL_WF4a1VJgQ_n7BKW_evE5F6EvYWYamV-oKHAStZAZBZjRyM2WryIlc64FqqABemb6OQN1yU8

http://www.imf.org/en/Publications/CR/Issues/2017/08/15/People-s-Republic-of-China-2017-Article-IV-Consultation-Press-Release-Staff-Report-and-45170

The regional difference in the stock markets in the world today

yJp0SGVDg9vY-nrfr34wjOXXF6zkBB7GlzZBr9tykjGz6tODxXtHckcjgsaX-EE5h0Z-t2wLb4MC2rLAolZNqMZIzfh4RrkS1CSwpalQufCkedUkoiwf6vKajRQYza9xBCWHOAwR

http://voxeu.org/article/risk-intolerance-and-global-economy

Cool chart on banking rescue recovery rates

0x21tgpS4WpLhoyrZxdgaOufu8MrreO8Llw6JrGJFA7m-QvuGDP_2okaPk1NP2CQHKBrXYflaAWIQMc0lyaIo-dgyhxpu8dh8-igTK19Q1FV_rvEtF0oQj8K9XDEyPBkiVdkg1LV

https://www.ft.com/content/b823371a-76e6-11e7-90c0-90a9d1bc9691

Listed companies are in decline

oEDYY88rLgArcRBbHcMzLmMSRWAIXNjrhGVeDgf5QZ1NKxTpHLua3b-PTccO5MpH79v2BreYmQvH24nyE1rguoUS5gWEum3wKj1P_ovycoh0_N-djDcOlaPHY1xT07_PIBDd9oZ8

https://www.bloomberg.com/gadfly/articles/2017-08-29/6-trillion-reasons-why-a-shrinking-stock-market-also-rises

So much for forecasting the future….

5367xhPvLeIHvxTMbud_lNQip7SJN_Rhc93r9TRLAJKoySzuq9ns0tWjntqsxbz-1oI8292_DX5i2I_WrClZ8C4alAywN62vogrgDihvtpGvwYAtM2XGuQgvU-0NDgLbM0pwtC21

https://www.economist.com/blogs/freeexchange/2017/08/budgetary-crystal-balls

The productivity slowdown is even more puzzling than you think”

PzG8X3VuqL6CdXgIXqGx-FXXuyaHlQu-QlGUdAm903AE3Wbupj02mKt-UV7BndORAhn-RyzgmKJn5LHh3Nx8ZVDhGlo6KDcafTXUaW9bDB2Z3i3LgroQ85bDHp0e2RMs0Cj9-XLl

http://voxeu.org/article/productivity-slowdown-even-more-puzzling-you-think

Interesting gap, this one….

6TjRGlKNRF48l7ZOfS2mxBRcb6G0_JjHcJ1hMM_zUTj7-uQOXr3uF3VJ5Dy4tqpLl2Tzf7gHGsfc8gkw09SPKt5XNaPFULYvC1xpspsBb-mZ5OjGXg7KKqzpcDHdlYwpGgXlvaeN

http://economistsview.typepad.com/economistsview/2017/08/is-poor-health-hindering-economic-growth.html

Credit quality is in decline in Europe
gJd0lK73EEUPIc_HlWxwvYgeFZfSyCElQ98G1X603W3swR5j7wo2s4W4CyCcWS6dg-UuvccCFPLoOn3itHajt4QLQYFiD1uvQQoYVR4yGgfuzTiqipy3HyjCtKd1pGKffAjeprsH
https://www.bondvigilantes.com/blog/2017/08/23/decline-covenants-european-leveraged-loan-market/

AQR is putting up a brave effort to try to sell bonds… (based on numbers of the past)

8bAU62EXHFTOSUsF0RuwxlRTG2ZvsQ8y0qA2EEVyXrunSdheQEo_gSi-bCdYrj-_BKAmY80fNGgDUBmpL7koOGIczT8UPyrvy2nteVuQyA5cDbNBP2wOziiUQuh4MIqcbwhwVZKV

https://www.aqr.com/library/aqr-publications/asset-allocation-in-a-low-yield-environment

A bit of history on the start of the financial crisis

ml333DkbSS5eC-rZc3yAaR4aRLFRJbh7MjLste_UD2BF5xlLaBowEr5D29RMiT5UKz1FmM8cA9WxXlblumIvawlOqOO701bf4Fizv1eW3Ax9RCE86UaW9eXSRl3bVM3WR-CKPBI9

http://voxeu.org/article/financial-crisis-ten-years

I wish I would have thought up this chart! (from BIS research on the Global Financial Cycle)
I--bDknmwLQKfV80ATNR0PyJM_nhLrGxd6TRYMzgaZ-ac_W6j2IIyTRBvpXq6NU4vb7SJ7jmf4vX9WzNMaSGXF5ecjjcKtu1vxWhZ39sk5g_wXLiSvF0-k8Lf6gLfJUoKHSvdLK6
http://www.bis.org/publ/work661.htm

A bit of reading on long term forecasting

T3Sq4JMDp7-3xW39N30JlmzuAnqEMgpRZcbl8CxSvZIRIjrQk7oEu0Dz-U140pFWDXSaoSsWsLcc72Ht0mSYCX0m_ex9ciBp21vEzjiNns3Yep_JskV1zzTl2mjTYE3QEb6QhHcn

https://www.economist.com/news/finance-and-economics/21727899-historically-high-valuations-equities-complicate-task-analysts-struggle

 

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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