Best of the Web: 14-11-21, nr 1112

Good morning. Total Assets under management for the world: USD 68 trillion

http://www.bloombergview.com/articles/2014-11-20/money-rolls-in-for-the-money-managers

I showed this one last year, but it is interesting enough to show it again: global weirding (and what it could mean for the world economy)

And here is another clip, to show that global warming is here

Very cool chart on the longevity of fund managers…
qKZjgBoHxaXr5-w0X0wh7du-fadLEIIhAwIDFM5c-WxEAjmxopZP8xJmWyBOy3I0VO27DZaxz-eF-AzyYpvcMroKBV5wsn4-fJLhqXGlEoABb_gFDxaZrG_y6Q17hzinLw
http://ftalphaville.ft.com/2014/11/20/2048172/you-are-not-experienced/

Interesting chart: stock returns are often a combination of both earnings as well as PE increases
B4h5Kv2QY-YA4Sc1gEf_MNpRhmLmVg_ol_mDiJ2uLUX02BxMO3B1KbtcI90TF9el8M6wu-mq8Mvoj81Y-WjhRWf9tP-z6eIBKPG1c8QlPKpvydrnIgWD_1IGzCfdzN98kQ
http://www.bloombergview.com/articles/2014-11-20/ritholtzs-reads-bad-timing

And, according to some, the S&P500 has finally taken out the 2000-high in inflation adjusted terms. But does this take dividends into account?
zOtdnJGb2_1tUQ3iNSdVI11TpZ13a4BgYKlc7sKSGxzxGDtKGKcHxafupTdckphPSrG-s9T1GVA0pRopvK5iKWVAGlpua4EkyEdwSOVoWto5Cur3AkH8U16lx2Dlk6LxFw
http://www.zerohedge.com/news/2014-11-20/3-things-worth-thinking-about

“Currency carry trades are not what you think” Which begs the question, what he thinks that I think what currency carry trades are…
XZzbMstSe_YcoAH-vUga9yYryeZ9xDDxDUz_sofAHF7uVFsWplE38TbC9U7rguEAe8r0x7w0cxMA5V5oMFobVjsQsgHNiTJMFQQdBIengE7ntgr3LL76cq77E___ioJBAw
http://www.voxeu.org/article/currency-carry-trades-are-not-what-you-think

21 year high!!
Dfn3OIZU7yHmYeYmT5baiTAEwKhk5xJCD2ifzIDgGMZq_AKh1ypdqaMuu5KcOcYjiHPmIkpmojDOxonhDNLyABejXVIEQXYHFh-QU4VWXhPLbogljUIOrhYMhsq_ACu_lw
http://www.bespokeinvest.com/thinkbig/2014/11/20/philly-fed-hits-a-21-year-high.html

Versus more weakness in Europe…
NtpfwxikSRXZUWjFC6ALlM4kYTYEU3D0nKziHto6UniE9Z-k7gw6zKYrwP4Mxin_rekZu9T13CApWnAzoUIaXtsRaH7qrQxWCBvIS7P8HeJKiqUOL29Yom9tLdD5-x_usg
http://www.zerohedge.com/news/2014-11-20/global-slowdown-confirmed-pmis-missing-japan-china-europe-usdjpy-nears-119-then-slid

But when you look at ten year moving averages, Germany still leads the way!
gOrX4kj-z6zP6idl5t9Rd3o7zKATxADayaXrflZ6tdMfkAsC0a77jnc8o2QNIET0AcxHfhkWXzihKqr8JVxY8pqxg2DeuFKciOCyOk5WTz1AhsBm54NZIE2fnHJjrbV-1w
http://www.economist.com/blogs/graphicdetail/2014/11/secular-stagnation-graphics

Does growth create jobs? Ten years back, this would have been a pretty dumb question…
VCtTFA0GJRJdRY8aUfqut8mly4DmQuakfJu32XxqPLs6lftDS1WX10XcUuD5mxXDQFT3mWrcWOPnOvzN8ypTabqUdaP9fSF3vrRyJcAzyApsQ-s5rIQbHaXhVMNj5Div5g
http://blog-imfdirect.imf.org/2014/11/19/growth-an-essential-part-of-a-cure-for-unemployment/

How to make a bad chart, part I
CBhCEqW_35StNRiTLo9LVzjG9_toU1Gy5Fi0ZF6-MbdeqhFfISrmgE5pLXKaKvc9V9Hd6T1FuXZyFV8KVsyRx0pXg0T1bg9hQ32bqFXwB5dwAgIa0EAA0V2oHxGelTn3TQ
http://www.ritholtz.com/blog/2014/11/u-s-debt-held-by-foreigners-hits-record-6-07-trillion/

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!

 

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