Best of the Web: 15-06-12, nr 1240

Good morning. And here is the impact of the retail sales number!

http://uk.businessinsider.com/atlanta-fed-gdpnow-tracking-update-2015-6

US household net worth at a new high
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http://www.wsj.com/articles/americans-net-worth-hits-high-of-84-9-trillion-1434038401

So much for the guidance we can get from the Shiller PE…
GCH5nVWFjiLnFWahkStHCZbMV5B95eqKgqWQ1wPwS6R1FHVbEKrsYYsxCjhkKrZZ3hkvbqNkixv8GPXOwoGKT-prB7Y6x1gNQp4NWsPncB8e-Pw98RlGoA4gDzOfefjzrDugrDI
http://uk.businessinsider.com/shiller-pe-versus-subsequent-3-year-real-equity-returns-2015-6

The last tightening cycle the Fed managed to surprise the market most of the time (although I am suspicious on the choice of the dotted lines)
7oC9_fevnyUz1fF4z0ro5W8Kv-LwekRzZ3MmTZKDZpEoP9wBoaGOoOiMmSqOFNOJkZlvCBsFvyT-K7bK_9WWHiULWvvHB2s-PrI-wpGKXjbVZth8SjWpYqeUJpfkdCK4cetnos4
http://uk.businessinsider.com/market-pricing-on-fed-rate-hikes-2015-6

Credit Suisse plays the Bubble card…
3oKjv0xK5v04F1lgAQ-mIr7AvIG9yHsexOOW7dDKsDNdCwAZ3WeFqu3Vs5K1neM6raXeFArKJ0yzG3Ae5K05zf1Knl0KrrpBqIu-lyZbHpXuPe6BM85-iGWFHPDbTJ8lBc-5uGQ
http://uk.businessinsider.com/credit-suisse-there-is-a-60-70-chance-that-a-bubble-could-form-2015-6

Interesting: cash holdings at asset allocation funds at a high level. Liquidity buffer?
1qWr_4H9-7RorP1X3vKL-9TR92CCo3t5zc05dhAUw71Z3zM3s-t-r1VvtgpsP-V9aC09hSue9fBxw-NtRMKwMbAsnd7pqrgUk9EH_o7I5i45pDyi2AM4ogYHhU8oLmOWlITKrPo
http://ftalphaville.ft.com/2015/06/11/2131653/shaken-rotated-positioned/

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 Do not quote unless specifically cleared beforehand!

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