Best of the Web: 17-05-01 nr 1652

Good morning. Apple’s cash

https://www.wsj.com/articles/apples-250-billion-cash-pile-enlivens-hopes-fuels-expectations-1493566748

A bit of reading on Rob Arnott’s view on smart beta strategies
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https://www.wsj.com/articles/rob-arnott-godfather-of-smart-beta-tells-investors-youre-doing-it-wrong-1493371801

The Brexit slowdown begins. Or might begin…
JFFNLBc6tiI3-17cWvDkyFtzda9H18YE-BClJ12fvifxh-_Lh5zsP9v4OjoteDsv-wIi9FYrBOxK1PZOUZ0eqEQ-ZVdBxaNFraiwcD16ZLSvjMu7AN-jKcMZCNughr17I0Fp8YzQ
https://mainlymacro.blogspot.nl/2017/04/the-brexit-slowdown-begins-probably.html

And here is some more on that theme
vRmn5jwe7Wx2u_qi2Yy-amJUFX1QiIObl272WZV0cRr-KLyZw-Kq1__4rxANrszwA39LoxXYAW7xvIfnmFLkrWR5BqrWQqIBM5NHYXYof6wID-eu-q3NQF0yKYyo-ZtPv_vn1k9y
https://www.businessinsider.nl/uk-economy-gdp-theresa-may-snap-election-2017-4/

So much for that strong US growth…
mBTfug4e7Y3osDi6jAq73hXoiBaI2WSjm2ra3ZC_JCaFVY1NqyeX-6RiT_za294hkMWD65sZNR7Gpce1vdI3zGAiW76OK0wOOY7jj5bj4KnSpc3BeeBPwW9qWa0NG0rUD1gXWwh0
http://www.economist.com/blogs/freeexchange/2017/04/another-soggy-first-quarter

But labour productivity may be finally picking up?
HppJf5phizAm1EpSyH9CcBN7o0JXk_j90LQ0Z95RdUdoCjvYzM5NeMpcLMytFj6fgLucSzK9S9qKPMAx561t0j_YrfZBLc143BjhW4p0j8grO73kGNDQJuqVTMNWlmtShA7Tut7b
https://www.ft.com/content/9e97073c-e883-3372-904d-8a903aed001d

Debt to GDP: only one major European economy has managed to reduce its debt level…
Q9-4YiLJQbMuOOdvXHmKa_eaaJe-93pR61Vpz27mvwyEgp8kLpzyu5_f56LpSkFQQn8sdB0QYCpnLLuzFSoEVTd8N5zFxIEDxOKBGLsymxM1PBygI2-fpinsaNHX4O7DWQXgddzv
https://www.bondvigilantes.com/blog/2017/04/27/divergence-eurozone-bond-yields-threat-opportunity/

The first 100 days of Trump
nIsjuv-FDj039XL7q3EUsqyIVryvWVcXn_JVQEOMQqWGGuPWZvctI3L4yU60MkyXGkYoOojyfYwmqkEmlJYWzTgqcsoQ17-pJ-NAKdLsnes8Vqw1BPln9HwK0XKzRXT7RlsrowKt
https://www.bloomberg.com/graphics/2017-trump-100-days-economy/

And here is some more
iI_-xXNXK_ubLN9ugYlXyQXzNUrS4c2h5Az_zMfUSKcVtrpwNluEN2ZRR28VWEgg35nnOrKTEca923_wMVGGK5PqpPAPnAj6gr3gBxRIHT1xPFL_DuuG82B8HAB280u2tAhaGuIK
http://www.economist.com/blogs/graphicdetail/2017/04/daily-chart-21

And a bit of perspective on that ris in the US bond yields…
FaHyleD_xnhz861tCJr1-uTcAeKZUNKt8Col268bpR5o10yZ618tYCZxbXPOfSaaYkMl9h_wp6HWPt-F6maOC82x_sV2hndhUETMK_IuSYDraAuuaERvef0wISb6FW2waZU3uWpY
http://voxeu.org/article/accommodate-or-not-federal-reserve-s-new-normal

Mutual fund companies
OEt2yV0RSdvf4wGvfYD5M201wQP-qSr0FZ5ZsHyeKFiH6PIYw5n5j0xBuS_FfDZAYUjs9ZIZ_3jLN4TQ6eMW2T1szaFDig7e4vFJJlpAQW8S59XD58zKoiMocgkynljqUofYOd2n
http://ritholtz.com/2017/04/top-20-mutual-fund-companies-assets/

I think I already showed this one before: on the global nature of inflation
GGa8YsiO6u1X9nk8YPTiGX80JrIJyl4cFd3_DUUystACP1WywZqYQC0Xuu70l30MwBw_Qba6XFri4keKL8CVs62CqPBDqFxQTmDV9kfy6_cd6cv98bxovyKLf0g2cM_3ldRQc70L
http://voxeu.org/article/global-value-chains-and-increasingly-global-nature-inflation

Apparently this is based on solid research…
4D0KexKTL3d00FIFZLCjcBiWaicuGqQvBxoooV84VJIur2pA3oFProsdMXU6e9Y2vgRfh2QqScYSsQVo8miL2IldxmEKKKNrTS80CWjccVrWpbozR_Fs7_l__dp_XMAa6Lr-8V6N
http://ritholtz.com/2017/04/weekend-reads-268/

PIMCO on bonds, active or otherwise
MqrZslvZiO-T1Pb4Uu8go-7o-T6vwMwJ_Mx_ZFApczQBWS1hAs1f-aaJ2cUZZh74Q5FWRV7oC1g1gtCg4SB_tID_LHgtpfnE8sAr5p5WPJbAuEPUi3PTXMX5iQNQr942x5amuSrn
http://ritholtz.com/2017/04/bonds-passive-versus-active/

And the schedule for the week to come
Lt9YNjgOd15MJYB61gPW-1ZuJhnovQ75BLmglRNRAryVgY9z_0OXW7_r_zogI04S6Ivbdh9-LzPakNVVsK78YP9wbMX7Fbrp1G1pzyh9VZHdWEFDjxDgNQ1dF2OHh5FZfes4pLcY
http://www.calculatedriskblog.com/2017/04/schedule-for-week-of-apr-30-2017.html

 

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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