Best in Economics this week: May 25

The most expensive pizza in history
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https://qz.com/1285209/bitcoin-pizza-day-2018-eight-years-ago-someone-bought-two-pizzas-with-bitcoins-now-worth-82-million/

“automation is good for growth and bad for equality; in the benchmark model real wages fall in the short run and eventually rise, but “eventually” can easily take generations.”
paAV6Rf3F3qA0GtSonY0Nm_bR1YcNNcqrwZT2SrH55G1C-85LlqbWZbyg_cEJ2FoOn-K4Uyf7Vc-QmsW4oz8zxI7HTiR5cPlzSI3AhY7T8BQupezwueqaJWP8yGbl7ebPYPz2nxx
http://www.imf.org/en/Publications/WP/Issues/2018/05/21/Should-We-Fear-the-Robot-Revolution-The-Correct-Answer-is-Yes-44923

This is secular stagnation on steroids, apparently
HEIbtEzAOKY3Q_wtebuUC17Z2FDTsKwyupzEASHnihUFi5RYnH4-4K6ybO_4Rh_JudXzbxnEdalxApRPBGG2N8Y9QdxBd2VdVNXvb3njzDijRYsz5GHaMSFE5x8lKuwZkyoFJ1G0
https://voxeu.org/article/suprasecular-stagnation

It is not me saying this, it is the ECB
PN3JexewPKI7P3O6B5OZr0RKMZrJWjXwqNimfQNF2xr9PB1ELS5DkANurtp8dg_1PiLUs1V5m4Avfc34lXCJyLbRoZka0X1p_Oto4d0ctSrXv5NlvmNP11O9OKd1UDE0jvrjK78B
https://www.ecb.europa.eu//pub/pdf/fsr/ecb.fsr201805.en.pdf

Cobalt; the new oil?
tN0HkIVLj0_WaXTbNzPBH2-dEqvsCWIGmiNZQIeeQVrqAgV7z67VVt7Ut8WC-sw9PaXbY_g-79xbDQUWG1mW9oECqpxiG8sQG2L3i4QYUSaOZmV3WqyvZ7Or28JWPTQIcfBSggP2
https://www.wsj.com/articles/why-lithium-and-cobalt-producers-are-the-hot-new-acquisition-target-1526558400

And speaking of oil…

http://ritholtz.com/2018/05/oil-production-vs-oil-prices/v
3MFvirEbj-Ap7YmfyPERK2wmeiySFjZ_WygCtwqvyQAuzus4YNFkJ3v3QqapeSeXaShZB347dJhIx85vVZSgKAfrMyOW3NA4OcQW7fsnARlxK8iwmJxqI67pjw4upCdx0VtUweBd

How low can you go…? UK savers are de-saving

W4F4FAs4KSZC-GRtfwYYzz3k26fZNki0R5u3Qfe8HmVwbgCs1dU1mpviXLxjyvp4ARAfzYfeNlMGttSlHV8pR9jTQO-5JbXLj7Fv41BUGcjPgay7avfdXL-g4icod7jB4cJaKi24

https://www.businessinsider.nl/uk-consumer-saving-and-household-debt-post-brexit-2018-5/

The difference in earnings power….

mRlX7VDrAeHIIhZd-F4GS9gRzoogjlkGZeXTWI2cq6OBwgfPQub4oVxNhe-eP8xNLlAx8BrXTVx8fQJNtsR60Vg4lAPH-xTcq_mTdyGGxyKfpfGNeRo7_zRs_zj_nviBr7DVIjWt

https://www.bloomberg.com/view/articles/2018-05-24/loss-aversion-leveraged-loans-and-the-future-of-music

A bit of a critical note on factors in investing

PEpm9wrWlmSa0QG0qKsTJy_sYNoOVNLTos9Lj6TzWLj2pxbleVCXhDJeq67ncM0NaexjV89Bj8rfOpjGnOiIMrGvb5bOXUnB6aUtb-yZiACmsfSwS9yyYa-BY5ydwCwxPnbWNvKV

https://review.chicagobooth.edu/finance/2018/article/300-secrets-high-stock-returns

I get the feeling this is pretty old, but still great. An animation on immigration

JEJchwaOFXlUe3mYe3vrFIhy9_v1X0dc_y-YoWTaibJebNvkWyuFpLEl25GOHJ02yVBBhI4z7L5aQr8WTgCQXLPyzTH0vD0_uOEiJ4aKq-aW_2TFMjq_YCwUtPtcvmYCQcNNCwqa

http://www.visualcapitalist.com/two-centuries-of-immigration/

US credit card defaults are picking up…
1svbXW82SE0AQrWYUX4gejy6AaCzTl63XOjcEuulDyhxZMnE7xfKZ3fpiCXtAS4R_Sj1F5sQ8iqHJn9bir_cyxQITw4jvp7b_py-sKh4ptY6_9q0vyDkweX7L_u-p-MUk_fisdii
https://www.businessinsider.nl/credit-card-late-payments-and-interest-rates-rise-2018-5/

ESG is on fire!

KxPaIxebAk5wdQf-u44n_Koo-9jCZKDAv3FZKlXQ3aWtG-l5nQzJiZ2N_fPM4kTvFcOSl_-PbZvLLX6gsqzlF4lYjF9tXzuaMjgPy3Z8OOX6ZfV94m1pYWhF7wvQHqdigZd2dYPq

https://www.institutionalinvestor.com/article/b187ncy4svtntz/here’s-the-fastest-growing-strategy-in-smart-beta

Bond markets this year

ia0BwVvgYmvG9v51vlEoxb8oUwDdaED4oEeohkktLUZ5DskX2NUYMz5WQ1Fn5ft9rz2hZx844AWQNMgdSgB9jCgTnqnhH_gLTUvZbVAh4fY9MUkCgoIP0x6W52mFFqhP-RbafRQc

https://ftalphaville.ft.com/2018/05/22/1527004897000/When-quality-is-a-liability/

The OECD: “The dark side of the digital economy: Bad things come in small packages”

qvK_TZcXo1T6OuDc_biFieiyw60I0DdeO7W4FSDs4yG-rVoOv-2cYB7Amd6pSQ7SBxCGk19-1d0swDM78StbGfxtpfoXmB_p-TyAk_lFXtmZujA_unLNJQv2pvRMBWv4Bz1BaLDe

http://oecdinsights.org/2018/05/18/the-dark-side-of-the-digital-economy-bad-things-come-in-small-packages/

 

A complete overview of all previous editions of Best of the Web Weekly Economics can be found here http://bit.ly/16dkN6i. 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!

2 thoughts on “Best in Economics this week: May 25

  1. Dear Lukas, This looks like the dunes of Meijendel.  Thanks for your daily insights. Paul

    Sent from Yahoo Mail for iPad

  2. Pingback: Best of the Web: 18-05-29 nr 1891 | Best of the Web

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