Best of the Web: 17-05-11 nr 1661

Good morning. As if the BoJ will ever be able to reduce its bond holdings…

https://ftalphaville.ft.com/2017/05/11/2188674/the-future-is-a-scary-place-charted/

Some more details on that Silk Road decline…
-fgn_La33TNnVGLC9toXCvOtgNW0n4sCe75F7agxFrbGxc8iSPZtbU10VWIpEUvh6BOK1_1loCxCWfCYmt7jpulp4kzpDYW8YNosB8JFnQlWG1bRLMQAR3YpZED-A26wkcPOgY4r
https://www.ft.com/content/18db2e80-3571-11e7-bce4-9023f8c0fd2e

Buttonwoods: “the investment- management industry faces a big squeeze”
458V8fbt_LiUPRt71aBxFXsxa86txajQAXReBlTWW33c-wcmFNj_oEw61mKIQbxeToi6_5QaP2mh-4Y0fUsv2ipC9ATojcgN-Sy2KE32jr8yXDUJC8HqySUAMsUJs_YM5AT0XHlr
https://www.economist.com/news/finance-and-economics/21721905-it-likely-lead-further-consolidation-investment-management-industry

Not sure whether I am much surprised here
WdnVm2TkmA2JQQwmHbBnPOdyjAI84ce-b5_OSFIiSxzLuTFOsDF6BESl8uo51x5Z-isk1oJvExX-FVehE3-wSCW2lhLJxFnC4sA4_pPNL_E0QgrP3sikWXpH8sPV-HCcmEsZAt-m
https://piie.com/research/piie-charts/countries-higher-tariffs-have-larger-trade-deficits

Trust has been dropping
4Ik9SX8FpE-PRqtqAsoUNSdHBTtmBpa_Vvl-CnVUNPa8nqTG_4u-oOlveCV6CMSP4F3lrytfpg6vSl3kB7weDyOS-rsv7hEzaxL7kQ4cZnwfDxR6T9Yp2Sv86X6VQrl8UquZiIwv
https://blogs.imf.org/2017/05/10/the-economics-of-trust/

Bond buying by the ECB
KX5vy2VWeQGE4tQty1bR0AnFvpn6_1aSILD5tgPsKxFxulQr_Lw04ui-x0Huuh0Nlzp7CT81eugidIUuZJZqp0dKi609waX3RsywpHEGF1CEwQ_Dua_sxPLkyL0AQrEnA9EoeNOV
https://www.bondvigilantes.com/blog/2017/05/11/bonds-benefitted-ecbs-corporate-bond-buying-programme/

A bit of reading on the European economy
JjM_9iF-R2oXK-oVDzJD7KAABE8LVbMluEXgBvQYA0ZoWyLq8YNUzX4Qg2O2Zb2-KyAQc2FuYrYrScchO1EsjibAWgKRwr6dOY9OzBOaK6DO7PH9A14hxkPOo64cv7sOAS7o6FoR
http://voxeu.org/article/unusual-recovery-charting-way-forward-european-policymakers

ETFs hit another record
OXhAPA0diIdrRPqae6QqJ6vJaNcBHGKg4zcjHxnJQBxj7pcL-NH3JBX2kpKFMBxBEp37uaZ5hNTCIBSTJ_lxFcAPY8J3OZQMD_oTkexqLrla2x2W3wXPEYwp-JqD8IgfAAsBTZvj
https://www.bloomberg.com/view/articles/2017-05-11/comey-continued-paybacks-and-nukes

ECB on Target2 (now somehow rebranded to TARGET?)
PemoHK_IwyBeNfmi3YhjWpAmRVSc9fngI6Pa3e460Fv2U0EZyCOMTiv1zHLqMT4cDrI7a7Q7uVFZUSU9gP4m83S-kyBLI_yCMpCnn4w7stiRkv4SbLR8O1mU0SjE2onJN_tnDTNG
https://www.ecb.europa.eu/pub/pdf/other/ebbox201703_01.en.pdf

And some ultracool National Geographic photo’s
ACX8Mx9eVHnq4e7kynnw2CElXu3R98cTeEZ8BKs1WF-WVmClaG04IgdI_aNjHOMFmW2f57aTN6pNnNeuK_2g78IMaqAgRkBwqQUy6Tq6NkweEdCtrHsTVUfOUfsjLlF5BaJA6TyG
https://www.theatlantic.com/photo/2017/05/2017-national-geographic-travel-photographer-of-the-year-contest/526119/

 

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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