Best of the Web: 15-12-14, nr 1353

Good morning. The Fed is about to raise interest rates this week!

http://uk.businessinsider.com/monday-scouting-report-dec-14-2015-2015-12

“The average price-earnings ratio during the manipulation period is 35.” Mmmm. What is trading at 35 right now…?
http://www.economist.com/blogs/buttonwood/2015/12/investing?fsrc=scn/tw/te/bl/ed/investinghowcompaniesmassagetheirprofitstobeatmarketforecasts

If you want to read a good report on real bond yields, this one is a solid starting point! (via @lukaszRachel)
lbM1pBHinnD4eQEwOApU9WolnFDvTIUy6KR3rkH4dU2ZHWGizHeDc2VHm0hd5xIhJsWjeKElFnJMYOmJOm5JNv3lCqP4mh8FK93Y7QTiku7Q4_iY7eR7LEiAsLxJ8Cv-Do5YBRGZ
http://www.bankofengland.co.uk/research/Documents/workingpapers/2015/swp571.pdf

A bit of reading on Artifcial Intelligence
7zQU2ErAxLQsNzf-y9IAk7w8Fbf4nWz9S6tacPl9CwRFvkV-ZavOdE_KuJw9f4RxcihZcbkKcbveK-6fXqUUcO8z3HfpVE0-SDna3oyrwtRknMEv01jnjEKPraHO3EW5DWlXCArZ
http://www.bloomberg.com/news/articles/2015-12-08/why-2015-was-a-breakthrough-year-in-artificial-intelligence

I didn’t read this. But it did make me wonder…
13lsfZ8V02_TO1Gtc_mdb2AcUpVW_xMZ2H7a-CJjpPFTRjZAMLrc-yhNmtUSRBALRq0buk5O5zlXRHfl4KheRxjGkFkvdnJlZwozmV8qsIC7pNkVIrv-DKGvB_jA8RED-pzMnkd7
https://theconversation.com/europe-and-the-great-recession-is-it-a-crisis-wasted-51943

Well, the Economists seem to have seen the problem…
q6ASYZZEHpwNJDiLL3n1CRIHzyprWxwc7r1NT-wWozgXtHoHJzIe-qVk7o4yV5xlwXyjKF0RTRPOPrR39fa11Df9-2SGrXFX2tfe6sCEY2x6J-itb4Xt_iw7yGgZ0owwYDn2aUec
http://www.slate.com/blogs/moneybox/2015/12/09/climate_change_has_huge_economic_impacts.html

High Yield outflows. One positive, there are better returns to be made when risk is being priced again
F6Y4TaPgt7t9dAACjOMnZ9sfy7E3yoSbY_RnpeJ2F7_c6u34h-nXUNQ0N2hn3j50s6IvhdxCDdsOztKo6gjXo1bgBeQvaAYIUfOjv02XBfmPUuO6vQk-UWNte5zQTtQ-bFzeP7nO
http://ftalphaville.ft.com/2015/12/11/2147652/the-flight-before-christmas-and-that-potential-third-avenue-hy-canary/

So much for ageing having an impact on asset returns (stocks that is)
AlrrmB0Nm5V_4Pyk3FO3GE1wRjD0KtIJAy0ZZoa3Om7TQvDtN80HxgnRdBhxJnp3bxcTE_m_qq48xwD1U91bLjS_NPaQ6qH17c29qiqH_d381HYsZvy3DryozHWJV4rk57hIjex4
http://ftalphaville.ft.com/2015/12/11/2147584/why-should-changes-in-population-structure-affect-valuations/

And the week to come: the week of the first US rate hike in years…
oWGyH7gD-GitGl8HRwBHSqJZGI8gkP1n7yinKUKWxlvwFS4dm8opoT_ERj5FCTJ72EtOrQX78fQ_BoYx3JK_zOwjZ9um2JJ_jO75IkD_x7ufx1gtTVVh5DMrgWwQ4oRZ227N1yHn
http://www.calculatedriskblog.com/2015/12/schedule-for-week-of-december-13th.html

 

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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