Good morning. Soft data has been driving the stock markets, hard data has lagged…
Interesting: “The GDP Is a Flawed But Magical Indicator”
https://www.bloomberg.com/view/articles/2017-04-03/the-gdp-is-a-flawed-but-magical-indicator
Debt weighted versus GDP weighted European bond yield
https://www.bondvigilantes.com/blog/2017/04/04/eurobonds-one-bond-fund/
Something seems to be happening in the Chinese bond market
https://www.bloomberg.com/news/articles/2017-04-02/china-just-had-its-worst-ever-start-to-a-year-for-bond-defaults
Are US stocks indeed overvalued?
http://theirrelevantinvestor.com/2017/04/01/this-time-it-really-is-different/
And while we are looking at some history, here is some more
http://www.philosophicaleconomics.com/2017/04/diversification-adaptation-and-stock-market-valuation/
Remind me to revisit this, five years from now…
http://www.businessinsider.com/bank-of-america-merrill-lynch-post-brexit-trade-deals-2017-4
Interesting chart. Look at France…
http://www.businessinsider.com/jpmorgans-jamie-dimon-on-brexit-and-the-eu-2017-4
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 Do not quote unless specifically cleared beforehand!
Best of the Web 