Best of the Web: 18-01-18 nr 1813

Good morning. Even Bloomberg has now spotted that the US overvaluation theme is a regional phenomenon

https://www.bloomberg.com/gadfly/articles/2018-01-05/not-everything-is-expensive-if-you-know-where-to-look

On the mismeasurement of GDP (and how to deal with it)
DAhr-Su_83u0VN1Bt-aW5_qWkklMD4PFc7KM-b-zoEYj0WwMyv1N-K-lkuAPJJVT9dSt9WVJXZNutsXh3h_Xm60J0_m7BJUsqcXPtvuY4ws0_HGIdlut6XKFazEOeyh2g-qgb2tJ
https://www.project-syndicate.org/commentary/correcting-gdp-flaws-by-urs-rohner-2018-01

On crowding out of growth by the financial sector
xW3Y0gu4gHw-f78pHm8_NQP69hasbDfIcwCkGtOMpsGiDsSj3OQMVKtxu3a1yP3m_kvh3_7U9gdP62rCJtR6oHeLZR3CKv3W_77HE5XkhyuE9G_QBL8KB9fKApisSXwMjgzJ8gtP
https://ftalphaville.ft.com/2018/01/17/2197748/a-financial-enigma-within-a-productivity-puzzle/

And here is another nice chart of alphaville. Another way to show the increase of risk in banking
S_WkadXo6NbXhpfIQQMvkBcPAopTmok0NLhVMteMwSSjjETzqXZZKxiadKdY28MgepSvmDVrnVwKS7zSF-iuDHr-MuXCHZ-CEXrthK6LFncHgPs3Y4BML_DvP2k5QfbhE0dKVDLv
https://ftalphaville.ft.com/2018/01/17/2197783/that-time-when-american-banks-basically-existed-to-fund-the-government/

This is interesting: Thailand is close to reaching the criteria of a being a currency manipulator
iFWJqHBujVhOH3QGCSA6ZWOe_3WwxUNJqh3tcJ6Yi154JJOJJllStoHgd3chbqkY-Jxxb-Zgua4TMcOhlILn7pJZMYP-PPUi-5epaRq5A5PyghEXD8oA5PcZqe0jVuEiHS7oONJ4
https://www.cfr.org/blog/thailand-really-and-i-mean-really-close-meeting-treasurys-manipulation-criteria

Pretty shocking, this chart
cyUrF15h5EFyQJGrswdsf-3OZRW83_d6kCOXnb556j9_KDv6yv03Xj61xOv4pkGimCAu3S3oxbIJ4qfiql-O8OxD59KJibyP1wBvBh4Dkk6nkt894XDl0CLgoTsrAUnWRToHvyXI
https://www.washingtonpost.com/news/wonk/wp/2018/01/17/eric-trumps-401k-is-up-by-35-percent-but-half-of-american-families-dont-even-have-one/

On the circular economy of the EU
LVUXv8E3h0f5kjccpMJx-OKuojupBYWfRnMyCFjMIh3puT8yxvODp03WVN85UJPKKYeESUGjv8aw3E4HXfFz9TRZtnW0l3Iu9wFh85idX2yKVtR3JVswgpfMpgMIEhtOpyY5bmvt
http://ec.europa.eu/eurostat/documents/2995521/8587408/8-16012018-AP-EN.pdf/aaaaf8f4-75f4-4879-8fea-6b2c27ffa1a2

 

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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