Good morning. US consumers are pretty happy…

https://www.bespokepremium.com/think-big-blog/consumer-confidence-above-120-for-11-straight-months/

Another bit of pushback on the whole factor investing

https://www.bloomberg.com/view/articles/2018-05-07/smart-beta-can-obscure-the-big-investing-picture

Very cool animated representation of pay inequality

https://www.economist.com/graphic-detail/2018/05/29/american-firms-reveal-the-gulf-between-bosses-and-workers-pay

Is GDP overstating growth?

http://economistsview.typepad.com/economistsview/2018/05/is-gdp-overstating-economic-activity.html

Probably an oversimplification, but still

http://ritholtz.com/2018/05/gig-economy-tiny/

How different age cohorts experienced quite different wealth effects

http://ritholtz.com/2018/05/demographics-wealth-2/

The remarkable returns in the Nifty Fifty stocks

https://ftalphaville.ft.com/2018/05/29/1527609783000/The-not-so-Nifty-Fifty/

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 Do not quote unless specifically cleared beforehand!