Good morning. Those hoping for M&A to pick up and boost the markets higher, are looking in the wrong direction….

http://www.bloombergview.com/articles/2014-03-07/ritholtz-s-10-friday-reads-some-advice-from-martha-stewart

Cool: interpreting Chinese export data is done by estimating the ‘fake trade’ component…

http://www.businessinsider.com/chinas-fake-trade-behind-feb-export-data-2014-3

FT: “China’s dangerous need for speed”
http://www.ft.com/intl/cms/s/0/88bc4378-a5f6-11e3-b9ed-00144feab7de.html

The BIS quarterly review: loads of interesting readings…

http://www.bis.org/publ/qtrpdf/r_qt1403.pdf

Like this one: on the ‘success’ of forward guidance by central banks…

http://www.zerohedge.com/news/2014-03-09/fallacy-forward-guidance-4-charts

Cool tool: The Economist’s glass-ceiling index makes it possible to look at various aspects of the glass ceiling

http://www.economist.com/news/business/21598669-bestand-worstplaces-be-working-woman-glass-ceiling-index

Five years of stock market returns, return of 208%…

http://www.bespokeinvest.com/thinkbig/2014/3/7/happy-birthday-bull.html

…but it comes at a price: stocks are now the most expensive on forward PE’s…

http://blog.yardeni.com/2014/03/valuation-multiples-at-bull-market.html

Best of last week.

https://lukasdaalder.com/2014/03/07/best-in-economics-this-week-march-7/

Interesting chart on divergence in inflation in Europe, and how to correct it back to ‘normal’

http://fsaraceno.wordpress.com/2014/03/06/wanted-german-inflation/

High Yield, low default rates…

http://www.bondvigilantes.com/blog/2014/03/07/high-yield-bullish-blinkered/

And the schedule for the week to come…
http://www.calculatedriskblog.com/2014/03/schedule-for-week-of-march-9th.html

Interesting chart on the – somehow always symmetrical – business cycle…

http://www.businessinsider.com/financial-advisor-insights-march-7-2014-3

A complete overview of all previous editions of Best of the Web can be found herehttp://tinyurl.com/c8ge4c5. 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!