Good morning. Political anxiety has sharply risen thanks to Trump
The puzzle…
http://voxeu.org/article/puzzle-high-policy-uncertainty-and-low-market-volatility
Large caps dominate
https://www.bespokepremium.com/think-big-blog/five-largest-stocks-account-for-nearly-half-of-2017s-gains/
3% growth for the US is pretty unlikely, if we are to believe this blog
http://ritholtz.com/2017/05/ten-million-simulations-tell-us-president-trumps-chances-achieving-3-percent-economic-growth/
Look at China and Japan…
https://www.bloomberg.com/graphics/2017-feeding-china/
Oh! The truth about the tulipmania
https://stratechery.com/2017/tulips-myths-and-cryptocurrencies/
Speaking of bubbles….
https://www.economist.com/news/finance-and-economics/21722678-crypto-currencies-keep-soaring-one-bitcoin-worth-twice-much-ounce
CAPEX no more (but what is cause and effect here?)
https://www.businessinsider.nl/capex-vs-consumer-spending-in-stock-market-2017-5/
‘Fiscal breakeven’ of the various OPEC countries
https://www.businessinsider.nl/opec-meeting-production-cuts-2017-5/
The ECB stability report
https://www.ecb.europa.eu/pub/pdf/other/ecb.financialstabilityreview201705.en.pdf
The Dutch are number three with respect to public healthcare spending
http://ritholtz.com/2017/05/u-s-spends-public-money-healthcare-sweden-canada/
“ VIX Trading, Hoaxes and Blockchain”
https://www.bloomberg.com/view/articles/2017-05-24/vix-trading-hoaxes-and-blockchain
The rise of wind and solar (interactive chart 1 click away)
https://www.ft.com/content/44ed7e90-3960-11e7-ac89-b01cc67cfeec
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 Do not quote unless specifically cleared beforehand!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 