Best of the Web: 17-12-18 nr 1797

Good morning. Hussman’s PE: still US stocks are expensive

https://www.gmo.com/docs/default-source/public-commentary/gmo-quarterly-letter.pdf

Some interesting charts in this presentation from Newfound Research
UX33x86CwIrXOm4VzHk6mp5NspJkkUMAfl_qb6OAOfyxusqiX4E3F9ecK90gG1jYU2kcf-WGV0MZ--vnUAQyWf1a5BZxBKDCown8H_zkiFz6g1EE_sF0p6gNL-IsWc9zR35RWrRC
https://blog.thinknewfound.com/2017/12/no-silver-bullets-8-ideas-financial-planning-low-return-environment/

“The economics of the Bitcoin payment system”
U0ircjbMXmQDw6n60WfPOwPF7im34N14ys61_S_b0iQKjxoppkBEPaMxnWeX678PQBN96iLzwbFcPhYBSkWxQTvlkq5XiGtlyeyO65t8cZbxIP8KwKvINXd15hQkgNI9x5kuYLmz
http://voxeu.org/article/economics-bitcoin-payment-system

Democrats versus Republicans
L7w1ws7Ekwu0KRmRAjFrzxNVBxPvMxdrBhJ8ez71Llsf4CEAAJpS2tLszRtKxCiVc-RHukgd1Vmss9QYmsBVYELZjWrtLB96OoS0MEo5sKXL3t9BX8tnW5t3jE0kduCvTNZT-tWU
http://libertystreeteconomics.newyorkfed.org/2017/12/political-polarization-in-consumer-expectation.html

On central bank’s e-cash
ECWJQSLbKC5sOuQ1o9kQBkK4t5CJP5wOFDvu1LEOg7MK907p-IJMG_-HbnX0--wN319wVQViXzJmzVqz8mBgU0oa__7n9mfqOjHhSyUbrNqadb1gyKbOAUsPAxdB7Ic5cCyYjc30
https://croakingcassandra.com/2017/12/14/central-bank-e-cash/

And the schedule for the last real trading week of the year
inUBZ0DjMAQF0mvLDcxwXvC0ZQzvRuYaj-UVv4KS5aTi8zzPZFw149o4FRWsBbR1KU11cAE9wf6KbBSjukXxGSWJYnL_jJmKcA-9RY8oRm7INfu2wxmBONQawb8muIxyis1OmZ39
http://www.calculatedriskblog.com/2017/12/schedule-for-week-of-december-17th.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 Do not quote unless specifically cleared beforehand!

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