Good morning. Look at the huge wage divergence between North Dakota and Minnesota!
http://www.ritholtz.com/blog/2014/12/10-monday-pm-reads-110/

An animation of over thirty years of US yieldcurve development!

http://uk.businessinsider.com/us-treasury-yield-curve-evolution-1982-2014-2014-12

Ah, another ebook by Vox: this time on Macroprudentialism…
http://www.voxeu.org/sites/default/files/file/macroprudentialism_VoxEU_0.pdf

And the worst investment in 2014… Bitcoin!

http://qz.com/312598/bitcoin-is-the-worst-investment-of-2014

Some thoughts on that weak Empire Manufacturing report published yesterday

http://www.bespokeinvest.com/thinkbig/2014/12/15/empire-manufacturing-comes-up-short-again.html

Ah, the first calls of SU bond yields below 2% have come in…

http://uk.businessinsider.com/deutsche-bank-on-10-year-yield-2014-12

…and here the question is raised if interest rates can ever been raised again

http://uk.businessinsider.com/ray-dalio-on-market-cycle-2014-12

‘The oddly subdued optimism about falling oil prices’
http://ftalphaville.ft.com/2014/12/15/2070431/the-oddly-subdued-optimism-about-falling-oil-prices/

Best of last week.

https://lukasdaalder.com/2014/12/12/best-in-economics-this-week-december-12/

Apparently, this has been a pretty dismal year for mutual funds trying to beat the S&P500

http://uk.businessinsider.com/large-cap-equity-mutual-funds-havent-performed-this-crappily-since-1997-2014-12

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 Do not quote unless specifically cleared beforehand!