Best of the Web: 16-09-25 nr 1523

Good morning. Bubbles in real estate.

http://www.businessinsider.com/housing-markets-with-the-biggest-bubble-risk-according-to-ubs-2016-9

Is that PCE inflation correct in this chart?
ADM7vMnl0KjjbqvpU8kCuxSEtjNmpGGZUfeFXmLeueLWiWg2nbLAfaHKnQFOU48mR0vxc5YGkrkjmX2so2RVj8T_39oMHO96-v2SOTFgzT_O1WJQ9natPYcg5Eb3QmnU2LXSlvM6
https://www.stlouisfed.org/on-the-economy/2016/september/great-moderation-vacation

The covered interest parity seems to be broken: free money for all!*
t7eiowmiHPs4cs_tnF37MslaiSElrrYWsZiZpx8STWy-0vrmhDddqaAvjMb13n2bU61lmw8f4Tqxabsg4b18yejLU-mpWEl33JThAjUovsEctphxEwpX5hVWthJrI2CieQJ3QgIn
http://voxeu.org/article/bye-bye-covered-interest-parity

From the BIS: “ Challenges of low commodity prices for Africa”
okWtdNoUaQy81APyaMW_cxbQCxR_44cNtUZVDGhAZt4xYWsCZYVtNV7qH_I4NjaN_81rHo6hRa2NsBv_Q9KvFdp5kPynnZFTyFh-3heoksFN1-gTpqDe7GkD1TuuscssuLIpJGbQ
http://www.bis.org/publ/bppdf/bispap87.pdf

Hopeful sign!
0iEnUd2nPyxzD3gnHRBcZp_CQqLpioEtGJgU5RevO-5f6COiFmAJU-Q9uWdEDjKv0yVtzezInrUcsnbWwFB4dyGB2ReSdecA3FA_AugdaDfZZ5d6GgesrF82NmdMrjG09wlT2_WJ
https://www.bespokepremium.com/think-big-blog/confidence-among-low-income-consumers-surges/

Trump versus…
7pD3E53biCoKBat9TlS-laBOCZhiUJ5Fh7scnDY6M9DlB4ZeyJvcrQw3jSdR-bHQSB6fAxSxePj26vUIXKV48lzV1kJhdXvTXhK4bAmdzKBrEKcpuk-OC7GFC0FdUUHSG4sTBLX0
… Clinton
-mVzfiglfUI6AGqnKYxvB6BmGaPxc0xiV7leHKCsbALSkExDoYhVm3aW4Ng6hmYf2vtB1Z7Na9ZZDeWaYRTYXF7MevF7GtwZrOlQCYS0Ol6Cg-9mhFAbnDbYRZyW-lyIZ-W8QFRG
https://www.bespokepremium.com/think-big-blog/trump-vs-clinton-one-word-to-describe-each-candidate/

The IMF takes a look at inflation, or the ack thereof…
GIi7ofRfIFGopFfDOuTIPa5S2v4Np-4WpE2xLdeeKTqDvrBGds8FEPIPJMo6ID7-_wrIM0qfyM-lBJH4jLBu1NVHyd-QWc7DOG1RvzTvWzP8TS3woZaAO2ZN9SpQbIhupPalzomC
http://www.imf.org/external/pubs/ft/weo/2016/02/pdf/c3.pdf

Geopolitics. Whenever in doubt, just go for geopolitics…
XJotF13aiHTmwZfAicK_mhqItva0s1e2Y7A5UrrFRybXUyCBXIm2jxTvP7Ea8NIxQsqngiDFOJ2U8a5okcoSDANFY8kN5t5QyGPT6wV1WU3kuvLeAcZ1SnuWdSxNJOVJ0UKuAdU-
http://www.businessinsider.com/investors-worried-about-trump-clinton-presidential-election-2016-9

More ‘geo’ politics…
B6CSIe9ov5FyBKCbWnACsBdMo_T_VPFvi9WdMpNGqygiJBLqUSiS32zyhjqEsBKBRSiVQX8r3bi5L2pbPWNQwMmQmHMx9cMAOSEXZqdO05Mp6MXqatkodvri-IqwQoOBGI6GcstS
http://www.businessinsider.com/hsbc-italian-referendum-analysis-and-charts-2016-9

Riddle me this, riddle me that…
hSx4v4UMvqtFIkftypZEhE9yanX32UMMjsL5FUFpSvC__1W3NVMd_x4NlebneqKyWLQmy-M2A8_rWRkkVFPGT8PdyrgpsOgdwOD1oyDzNURz0fZGc9Fr-sWFoMFPdcEK99cKTriX
http://www.vox.com/policy-and-politics/2016/9/26/13067930/donald-trump-manufacturing-decline

Russia is an interesting outlier here…
-lXrk5KZ3dXnOQab5C5PAaRhqO0xCJDaL_LCSB3YqP5d2XWuWxPG6brazqwA3Ozs_OKbNh05dhigQ-1MT7YMFOL4-DtjfF3EjmQAoomtvO4dZ9YevPIR_jq7VB9drxsbU96Pn-K_
http://www.imf.org/en/News/Articles/2016/09/26/AM16-NA270916-Spillovers-from-Chinas-transition-and-migration

Old one, still remarkable
vUsqTeEn_E0ZKcMldrtdu_Bs1pu1YGoQRLymu45YLAU1gta0GSw_7xraFVKlfFygql6HGKSb82uI9TcAVC8UC45sExTCBq4tQFb-wQQYzbgz9lgBA5DV6fne0878IepCTEGFUMvq
http://ritholtz.com/2016/09/sphere-of-influence/

* Nope, this is not an investment advice.

 

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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