Best of the Web: 17-05-20 nr 1668

Good morning. Balancing the books, Trump style

http://www.cbpp.org/research/federal-budget/gap-between-trump-cbo-predictions-on-economic-growth-the-largest-on-record

And here is some more: “Trump budget plan slashes food stamps, healthcare for poor”
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http://www.reuters.com/article/us-usa-budget-idUSKBN18I26X

Some interesting research on the rise (and slowdown) of Fintech by the BIS
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http://www.bis.org/publ/cgfs_fsb1.pdf

FDR is the employment champ
Pkh9CQf3HA03-AWpe2H4_PiN2gIgU-EmNDEIT4K1AsNm5RdJQ82xCF3ULx5uQXU35hYhmsdOcPjwUTSGLSZlpA09sJD-GS5xSUV5Q17cPAczrxIfQnVeoC6EYAHPCotWySTdhJV6
https://www.businessinsider.nl/unemployment-under-us-presidents-chart-and-implication-for-trump-2017-5/

FANG is still at it
Dbjcfovhb70XHc4wSjzPG74s-Mm_kJ-LCCcpM6DMhdvdJrmjnN-_AZZVoR7lFGrCx6QuLfRGctH07yh7AFNwwrQhXuvWIczHvbeoyY18AD5PeV_2rwPfnDMpH1EoNTu40DrjEPm3
https://www.bespokepremium.com/the-closer/the-closer-oh-reerly-de-fanging-the-market-and-operating-surpluses-52217/

Alphaville concludes that bitcoin is overvalued
ladihBA57ysEhNw-McuOCnFvFvWLrmLBMszg9GOYpVOeceFXNLI7aZK1qWgiF-xnXGACcblG4aSyR3X7uLpQkc6Vc-d73ifq__k6BOTArlZmvirBJlYpnDx5VhL2EkqfLLU3Ek-Z
https://ftalphaville.ft.com/2017/05/22/2189145/how-to-value-bitcoin-with-a-traditional-valuation-measure/

A big study by the IMF into state contingent debt. GDP bonds and coco’s for governments
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http://www.imf.org/en/Publications/Policy-Papers/Issues/2017/05/19/pp032317state-contingent-debt-instruments-for-sovereigns

Earnings are leading the stock market higher
A1Uu2iVzxR3HLRiYDsyo90a_WLjK5uI9m-ATCqL9qsJ5Ow7vFEvCPmWCiskEBwl6WwigsoN02db8CRuZ1qVHELyr8BSxQibx78sXa9-J87RanR3d-U0Y0xi9HSNgF6cviLOpouNG
https://www.businessinsider.nl/earnings-revision-breadth-at-highest-rate-in-six-years-2017-5/

The US car sector is not what it used to be
G20AT8ifCURgx2QgwvcQLTIdDR3Nh7-N8W6vW67FkfFUNQkdNEaYbTFdG3YdLykhSVffAZgVs09FDOKiDZdfxg9kJM97c6fwBeY6KaCDULSG7Kds5tgrKsCmkylnIIjP_-mNCxAe
http://www.economist.com/blogs/graphicdetail/2017/05/daily-chart-15

The lobster bubble, they mean!
dj2d3Y2bOfBEyL5ccXy0_idJxGYssuBHWGXRzJmFyu9juTcXV_ZBkztWeeFuCnxhdCj_v_4ir0SUn2cttfojFgvgsGbClTGB7PLiquCtEIO_Qa1SVYT0ZnNZytN8iHwTlmvRNUAH
https://www.bloomberg.com/view/articles/2017-05-18/maine-is-drowning-in-lobsters

Profitable short-impeachments are hard to find…
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https://macromon.wordpress.com/2017/05/18/beware-shorting-impeachments/

This does raise the question how much advertising is worth…
O_74iQw_d6lpic4-Gib4mithaerFj5Qgp62-IkF_Xhqm3Xnsr77-9BaJXrizrjLBiUYPCTMylfYVB7j2Dzampzmc7gfNv8tSkq4BfZu5dVkwnP1ukcIxc6hG_NLfLDzXqnpyTrHU
http://ritholtz.com/2017/05/5-tech-giants-make-billions/

 

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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