Good morning. Production -apparently- is only part of the story…
http://ritholtz.com/2018/05/oil-production-vs-oil-prices/

It is not me saying this, it is the ECB

https://www.ecb.europa.eu//pub/pdf/fsr/ecb.fsr201805.en.pdf

The difference in earnings power….

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

The Economist is making a call: “We think the Democrats are favoured to take the House”

https://www.economist.com/united-states/2018/05/26/we-think-the-democrats-are-favoured-to-take-the-house

A bit of reading on people with a lot of money

https://www.bloomberg.com/news/articles/2018-05-23/bankers-don-t-think-you-re-rich-unless-you-have-25-million

And this one is on stranded assets

https://www.economist.com/finance-and-economics/2018/05/24/markets-may-be-underpricing-climate-related-risk

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 Do not quote unless specifically cleared beforehand!