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Sunday, August 17

17th Aug - W/E: Linkfest

Previously on MoreLiver’s:

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Cyclical stagnation: The recovery grinds to a haltThe Economist
News in Charts: Euro Area Back On The Brink Of RecessionAlpha Now

Ukraine, war, and sovereign defaultFT
Being invaded by Russia is not very conducive to a country’s GDP. But also, bizarre as it seems if its armour really is aflame in the Donbas, Russia is also the owner of Ukrainian sovereign debt.

Kocherlakota Says Fed Still Missing Inflation, Jobs GoalsWSJ

Jackson Hole Preview: Do Not Expect Policy ShiftZH

US inflation indicators - August 2014Nordea
The evidence reinforces our expectations for core inflation to continue to accelerate in the year ahead.

US HY Inflows Trickle Back, European Stock & Bond Redemptions SurgeZH

The leverage clock tolls for theeFT
The basic idea from Citi, orignally from Matt King and built on here by the Global Strategy Team, is that there are four phases in the credit-equity cycle.

Chart o’ the Day: S&P 500 current vs historical valuationThe Reformed Broker

A Primer on Fund FlowsThe Fat Pitch

On Research Sources and Trading RulesThe Aleph Blog

10 Ideas For TradersNas Trading

What Proportion of Daytraders Actually Makes Money?Traderfeed
The authors conclude that day trading skill genuinely exists.  They also conclude that it is very, very rare. 

What I've Learned in 30 years of Investing: Part 2Yahoo

50 Financial Twitter Feeds You Must FollowWSJ

The Fragmentation of Bretton WoodsProject Syndicate
Mohamed A. El-Erian: In recent years, political support for economic multilateralism has eroded, undermining the effectiveness of the Bretton Woods institutions and disrupting the international monetary system. This is not only hampering the global economy’s ability to meet its potential; it is also contributing to geopolitical insecurity.

Secular stagnation: Facts, causes, and cures – a new
Secular Stagnation: The BookKrugman / NYT
Six years after the Crisis and the recovery is still anaemic despite years of zero interest rates. Is ‘secular stagnation’ to blame? This column introduces an eBook that gathers the views of leading economists including Summers, Krugman, Gordon, Blanchard, Koo, Eichengreen, Caballero, Glaeser, and a dozen others. It is too early to tell whether secular stagnation is really secular, but if it is, current policy tools will be obsolete. Policymakers should start thinking about potential solutions.

Swiss Deflate the Deflation TheoryView / BB
Europe's dismal economic performance in the second quarter of this year has led to renewed calls for the European Central Bank to pursue stimulus measures aimed at stoking inflation. The example of Switzerland, though, suggests that Europe's problems might stem more from broader economic mismanagement than from a mere lack of rising prices.

Signalling fiscal stress in the euro area - a country-specific early warning systemECB

The Perils of Economic ConsensusProject Syndicate
A consensus among economists can arise for both good and bad reasons.

Macroprudential frameworks: (too) great expectations?BIS

Optimal mechanisms for the control of fiscal deficitsECB

Too Big to RegulateNYT
Last week — six years after the onset of the financial crisis, four years after Dodd Frank and two years after the biggest banks submitted the first drafts of their living wills — the Federal Deposit Insurance Corporation and the Federal Reserve rejected the plans from 11 large banks as “unrealistic or inadequately supported.”

We’re heading into a jobless future, no matter what the government doesWaPo

The Problem with the Phillips CurveThe Aleph Blog

The Beveridge Curve hysteresis and the long-term unemployedSober Look

How to Look SmartThe Atlantic
Wear glasses, use a middle initial, and other tips for appearing intelligent

Visual microphone can pick up speech from a bag of potato chipsEndgadget

Anthony Bourdain Talks Travel, Food, and WarBlogs of War

Prostitution and the internet: More bang for your buckThe Economist
How new technology is shaking up the oldest business

The Monkey RunDave Giles
When it comes to doing econometrics, students today just have no idea how lucky they are - compared with old geezers like me, that is.

A better understanding of mental illness hasn’t reduced the stigma around itWaPo

Bendable Displays Are Finally Headed to MarketMIT Technology Review
Flexible displays haven’t been usable as touch screens, or durable—those problems have now been solved.

Snowden - The most wanted man in the worldWired

The Unbelievable, Unknowable Wealth of the World’s Super-RichSlate

Remembering Robin Williams (1951–2014)Time

Wi-Fi Access Sparks Housing Boom in PyongyangThe Diplomat
In North Korea’s capital, citizens are buying up real estate near foreign embassies to access their Wi-Fi service.

Our collective zombie obsession is an allegory for congressional dysfunction WaPo
Our politics leads us to the catharsis of apocalyptic entertainment. Unfortunately, the politics are still there when the movie ends.

Tohtori Hankamäki toivoo Suomelle omaa rahapolitiikkaaHenri Myllyniemi / US

EKP luo uutta velkakuplaaTalouden Tulkki

Viikon talouspäivityksetRoger Wessman

Ajatuksia ammattipätevyyksistäJukka Hankamäki

Saksan talous ja euroalueValtteri Aaltonen / US

Lisää talouskasvua ilman budjettivaikutuksiaNordea
Aki Kangasharju: Verotulot syntyvät yrityksissä – jo pitkän aikaa erityisesti pienissä yrityksissä. Suomesta ei puutu keskisuuria yrityksiä kasvuhaluttomuuden vuoksi, vaan kasvun rajoittimien vuoksi. Elintasomme palautuu, vasta kun keskisuurten ja suurten yritysten joukko elpyy.

Kolmas syy, miksi Venäjä haluaa UkrainanJan Hurri / TalSa
Maantiede ja luonnonvarat ovat kaksi syytä, miksi Venäjä toimii Ukrainassa niin kuin toimii. Näiden lisäksi Venäjän toimia voi selittää kolmaskin syy: maailmanpolitiikan historia – ja vuosisatainen vastakkainasettelu Venäjän ja "lännen" välillä. Siksi on tulkintakysymys, kumpaa Venäjä tekee, hyökkää vai puolustaa.

Putin on pinteessäVesa Varhee / TalSa
Venäjän presidentti Vladimir Putin on ajautumassa kenties ylipääsemättömään ahdinkoon. Ukrainan tapahtumista kehittynyt kauppasota EU:n ja Yhdysvaltojen kanssa vaurioittaa Venäjän taloutta ja kansalaisten elämää monin tavoin, ja tyytymättömyys saattaa yllättää presidentin. Maaliskuun vallankumous vuonna 1917 osoitti, mitä tapahtuu, kun Venäjän kansalta loppuu leipä.