Best of the Web: 17-01-20 nr 1595

Good morning. We are not richer than our parents, anymore

https://www.businessinsider.nl/intergenerational-mobility-changes-since-1940-2017-1/

Robert Shiller talks about markets
https://www.project-syndicate.org/commentary/illusion-driving-asset-prices-upward-by-robert-j–shiller-2017-01

About business cycle synchronisation: spot the outlier…
Z0VgRyRJWg6a9HF08kG1aVO0Jhgwnign6CJIXc6sIze8IV_7lN2nqydc4K-rpx22k8eOPkZkCkdhn4fbuKBxMeXekDz2d1iH9tI9PQJqnP0v4RB_xl8hHS0MAA99hykWLhmVOoh_
http://voxeu.org/article/business-cycle-desynchronisation

Just to keep in mind for today: the first day of a new President is seldom positive for stocks
k5Q_Scuay8Zj3b-6zzWZRp7Xt_zWizIH4IQ_MtjVwRg8E1M0JGdCokzODzo3pRafoMFYOa303v9dT1FlYQ2jb7F358RZU9tQqMDzJqKqLCV4HbiXAoYCvbqr9mns5aLp0TVMmlOx
https://www.bespokepremium.com/think-big-blog/inauguration-day-returns/

The end of the Obama Presidency
TcbknASPhCJ-mLeJGS2CFlwnrzSe5X5-xZTCeaPWPr0svMWfRjPfKiGMpXE39l-Q0mrXyq0PLqpQ2YQoHGOqYH4m-2tsmq_eNemr_HDLcJD1SQ6zv52Fh-OD7lOC5og8GlBlZfz-
https://www.bloomberg.com/graphics/2017-obama-economic-legacy/

And this is the final score for Obama when it comes to stocks
cRwjuWe8AuLucuXIq-Uuzt8GN4-ZR3r5Aggi9fwCumRAYuz2xxx9nnNGiXhd92cqvhLuvg8RVSKN8mLo83zezi0pkx-V0EmW-24PAkhHY1_ORLAYRp1H9zW7NrhepqZ4H4eDQWQw
https://www.bespokepremium.com/think-big-blog/sunset-on-the-obama-presidency/

And the final How-Has-Obama-Done-It-Chart: comparing the US with the rest of the world
uYgTc50ZOZa9Sd_8reTQchsWkd5ZAnwY4LKgF7CYwNBV5qVE-FtTrpj5QavbPk_f7wz5WKvbQKrBZVCdTdBVfmLzPg7Y4rkcAfxEfhnifP013BLh17SInyrAe_wHUOAsG7dAEeJM
https://www.bloomberg.com/view/articles/2017-01-19/nationalism-fake-news-and-booze

The economy on the US tax plans
O6DakupzQgRhO5kd4Fjvz3GBVOejpvMsKtrky5F1Xu5Jr3ydlr57HtnbvY-aBPGibriGjhP3sJwtNzqbzy2XehmHWdG1n2uXA974jDEixjSTaahiAKdTWp-B3o49nPbGm_36Ia_K
http://www.economist.com/news/finance-and-economics/21715002-mr-trump-will-soon-have-confront-his-economic-policies-internal

A bit of reading by the Fed on their experiences with yield curve control
18Cd5Nr8exr0ZdQwO82-7GUKYLE-VJZHGUl_Yn5c3anWdcyFhss4kyvuQbDW2ZJeAf326UzSDT17SkIsOgMOdanzBBbvqox6sOAqNXsLL6Il6_0BHSZwXkcb8S5OeVNvbhXOO7T7
http://ritholtz.com/2017/01/feds-yield-curve-control-policy/

A bit of reading on the NAIRU, if there is something like that
qhTO31bGSyf51JyoBFjas_ug_HkreZkQ2QRdjAFvFXBYUmp445IeauGMoBNR1UWjxWNriRQDxgsD6QPNmEBq0yc71aFkgi5Evr4whvRfctOBgTaPWUWFDj3KSax90yGEPX6KVMUj
https://ftalphaville.ft.com/2017/01/19/2182705/debunking-the-nairu-myth/

NATO members are indeed not paying their ‘fair’ (2%) share
1UDVRWKfu6nQRNqNQ05Rd4nnh6-nuKBfeVex6Ue0WC87gy9DZo3xOGDfUSCjcKIbSI09ysqm-U_v9kz2-Omg_kxKqOl8tQ7vUKZJcbMrQUkpB1Sk0PFpjYZJcHNcd8q7o9LB2ESH

https://www.bloomberg.com/news/articles/2017-01-18/by-ripping-nato-trump-makes-europe-nervous-and-arms-trade-happy

A complete overview of all previous editions of Best of the Web can be found here http://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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