Good morning. No wonder US earnings have been falling…

https://www.bespokepremium.com/the-closer/the-closer-11915-stable-growth-for-sale-stable-forwards-not-so-much/

Stock market corrections without recessions. They happen

http://awealthofcommonsense.com/stock-market-sell-offs-without-a-recession/

Interesting chart on fact checking politicians. Remarkably, Bill Clinton scores high….

http://www.businessinsider.com/politicians-do-not-always-tell-the-truth-2016-1

A bit of reading on liquidity in the corporate bond markets

http://www.voxeu.org/article/resilience-market-liquidity

If you have a couple of minutes (uhm hours) to spare…. (via Tjeerd Borrie)

http://apollo17.org/

This should be interesting: “Financial Distortions in China: A General Equilibrium Approach”

https://www.scribd.com/fullscreen/295521228

And… down the growth estimates go again!

http://www.imf.org/external/pubs/ft/weo/2016/update/01/pdf/0116.pdf

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 Do not quote unless specifically cleared beforehand!