Best of the Web: 17-06-27 nr 1691

Good Morning! Old one, still interesting
https://www.washingtonpost.com/news/wonk/wp/2017/06/26/the-amount-of-work-that-once-bought-an-hour-of-light-now-buys-51-years-of-it/

The Bullishness of the Fed is out of sync with what is happening in the markets
TpOo0ci7QnhDfs57rFZsIyUx5itmJULuhY5SdC9Wr0GYVo1lfKxTiKMCrk4bU6FuWGqHV4eOnSKz9fefVhj8BXE0NokxhTz2n_FlZTr70AG2UUrb8ILOuNSVGmtFk5aoy4Fcdycz
https://ftalphaville.ft.com/2017/06/26/2190583/snap-av-yield-curves-and-fed-mistakes/

Which is probably linked to this
--qGJGCCcxoPMcvnz1ToRNPyjdM9UPOZHUISiqcxfZb18IFuKjBHT0nhhnnva6ZaPIyLgg86BrJHdVhg1jStA3RO45JfIvEUquz7w2XLlOyZARx8Bdlc6arirOpzv-TEbp9j7rbx
https://www.ft.com/content/18281550-56ac-11e7-80b6-9bfa4c1f83d2

Big data!! (haven’t read it yet)
ew7p01j8hyItl4HpjShvp2EvGvVUON5gPuNut92lFnfH1tcFsVYxjClysy8dUzSCaTfj3qzeh6VtNvwXBo9-v8S01HaGMvCMrGeLwlhOYMYe6fkFfV6kv8db9iWSM9u4GqjYslAP
https://www.minneapolisfed.org/publications/the-region/understanding-income-risk-new-insights-from-big-data

Ok, but this chart is skewed due to the capital key
mSYHU7UkKNm8VABKtwG__0TzKct4-yFEmwKrW0GpORG4Hqj3fVrB4F6ZINR6ZBBl1NJAzMSSjjtN48xkDsojw4FpWP36UYQcGkpGgh12nNGmXGVUf8bLQWXQyNQHTOTfO7B9i8JW
https://www.businessinsider.nl/fed-bond-holdings-expanded-but-is-not-huge-compared-to-other-countries-2017-6/

No comment
B4x-FwRXYAnsMdPAIw3d7umcMJgsPCE_jnE7ofNDDVctzYRea2FEn4Pu8mfu6XWgDvgHl6yygulgw4L6nDk9AAv74Z-19wp_pxFmjIbi7Ue9sg_vYuOs-LFoCoxo8R-UlnaPwhlS
https://qz.com/1015147/people-around-the-world-have-more-confidence-in-vladimir-putin-than-in-donald-trump/

Low productivity growth, part MCCLVII
jhFENb6dT_E4oywnbUcXTsOUjY13B_Iy2icISmcSk0HMJeSCkFBpOJ2Qxbidyy7PDHC7SJHNzjteQqXDYoWJRNuQqPGMi-hztg07oF_WuWk3H8bLs30z7h2YBqIOiXHrQFphK2Fb
http://libertystreeteconomics.newyorkfed.org/2017/06/low-productivity-growth-the-capital-formation-link.html

Especially for my boss: a country report on the Czech Republic
EmJfecoCtB1JH1UGLKgmsTVhUDQRwTvYHyujoD1F-u8I4KJ_BjhdgzaJ4MSBkCnF-ZiJ0x7ST9xgsNA9MsejArTbpenGBf5YZqgs3U605J-B-m6ta-NAKC_e9w5ZW3ZhUGyTv_nn
http://www.imf.org/en/Publications/CR/Issues/2017/06/26/Czech-Republic-Selected-Issues-45004

Some inside opinion on the whole Brexit thingie.
vz23pP7YnAUYXhE4im7aEyfG4MstE1x8y874rPGA-YxWlOB_lkVEnv7sVWwQMMypiUHjj43vprKqdR5PHYxWpNg97m_3wStMTfzadoui1v0KKqWopWQCkCdlX5zTcDwZPpxm6CzO
https://www.bloomberg.com/news/articles/2017-06-22/one-year-on-21-months-to-go-what-brexit-watchers-expect-now

The steady decline in number of stocks listed… (via @jackneele)
HXScdXW2j20bQouhJYmY-CGJtmg9eilSZxjvDtnJYTa6vwVp_25YGFXH4w483CDgrulqiYqNY_M4LCz9WgD-95i7ioPahPRfgvN7n6ms51clS32pkK-TNCXj08U31z4M1o7e1ad9
https://blogs.wsj.com/moneybeat/2017/06/23/stockpicking-is-dying-because-there-are-no-more-stocks-to-pick/

Another bit of reading on the term premium
XVUlhWw9s9ldabZ7m78tCuXwb8PykgIf59FSeN-OzW5KM5YupNmRecFuF6GUpfFP4pwRwdLg1uVd6m4kEEXoCEDnlQygSTaZ98mofq0nqEGLkdXjjJ9l6vYaWSL_PwwW57qZP4YQ
https://www.ft.com/content/fa4e9a69-b4ac-3e72-913d-7a2fad04b867

One more from the BIS report: how vulnerable countries are to a rise in interest rates
xO_NX-iqzxsvsT9NSDDNGhOXlGb1E76nTAUaqPXSSqkdkbUsK7ssfgTbOXPdwYBROUPl5jX38kBErsy6LB_CbI_n59lQaAPnrn1m9Y_1cGpCQsLfybrB9lj7dWPrEB1TUf3Cx-3x
http://www.nakedcapitalism.com/2017/06/bis-warns-household-debt.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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