Good morning. One for the optimists

http://uk.businessinsider.com/10-year-rolling-us-equity-returns-bull-market-getting-started-2015-12

It is not just junk bonds that are selling off: junk stocks have done poorly as well…

http://ftalphaville.ft.com/2015/12/17/2148134/time-to-put-some-junk-in-the-trunk/

Oil: how low can it go?

http://www.ritholtz.com/blog/2015/12/oils-deep-dive/

Well…. Pretty low, it looks like

https://www.bespokepremium.com/think-big-blog/oil-closing-in-on-2008-low/

Cool chart on how big China is in Africa. It is not happening in Lesotho though…

http://www.ritholtz.com/blog/2015/12/chinese-investment-in-africa/

A solid update on underlying inflation developments in the euro-area

http://www.ecb.europa.eu/pub/pdf/ecbu/eb201508.en.pdf

Not particularly shocking, but worldwide inflation has undershot its target

http://bankunderground.co.uk/2015/12/17/global-inflation-a-laboured-process/

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 Do not quote unless specifically cleared beforehand!