Good morning. Cool chart on the background of the Fed

https://www.ft.com/content/44440367-8ba4-317e-a7dd-3f51ffab8b8f

All this talk of the yield curve being a good recession indicator…

https://ftalphaville.ft.com/2017/12/04/2196387/dont-worry-about-the-flattening-just-yet/

Lower, ever lower (although I would have liked to see this one for core inflation)

https://www.bloomberg.com/news/articles/2017-12-03/central-banks-going-softly-softly-revive-greenspan-s-conundrum

The impact of mark-ups

http://voxeu.org/article/aggregate-productivity-and-rise-mark-ups

Fama with a number of statements on financial markets

http://review.chicagobooth.edu/finance/2017/article/embrace-passive-management-already

Another asset class gone rich: private equity (with a word of warning at the end)

https://ftalphaville.ft.com/2017/12/04/2196425/private-equity-investors-are-paying-through-the-nose-for-midsize-companies/

Investing in the stock market

https://www.businessinsider.nl/stock-market-news-capex-spending-causing-huge-shift-2017-10/

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 Do not quote unless specifically cleared beforehand!