Good morning. If the Economist says it is true, it must be: bitcoin is the biggest bubble up to date

https://www.economist.com/blogs/graphicdetail/2018/01/daily-chart-14

The returns pension funds expect to reach on average…

https://blogs.wsj.com/moneybeat/2018/01/19/can-we-be-brutally-honest-about-investment-returns/

Best of last week (in case you have missed it)

https://lukasdaalder.com/2018/01/19/best-in-economics-this-week-january-19/

Interest rates sensitivity

https://www.businessinsider.nl/something-other-than-tax-cuts-driving-stock-market-to-new-highs-2018-1/

The link between import competition and household debt

http://libertystreeteconomics.newyorkfed.org/2018/01/did-import-competition-boost-household-debt-demand.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 Do not quote unless specifically cleared beforehand!