Fly Charts: Time's Koch Capitulation and Bubblier Bitcoin

From a big-bank-fueled private-equity binge to UK productivity plans, here are four charts that tell you what you need to know in business today.

Good morning! This is Fly Charts, the daily charts-only newsletter from Gadfly; sign up here. From a big-bank-fueled private-equity binge to UK productivity plans, here are four charts that tell you what you need to know in business today.

Shortfall

Time Inc.'s digital efforts couldn't offset its plunging print revenue. Political consequences aside, Meredith's Koch-backed buyout is a welcome rescue for shareholders.

Source: Bloomberg

A Bigger Bubble

The bitcoin bubble is starting to make famous bubbles of the past look downright rational.

Source: Bloomberg, Blockchain.info, Birinyi Associates, Multpl.com

The P/E of real estate is price-to-rent, and price-to-transaction-fees for bitcoins.

Pile it On

Big banks might just be back in the business of funding private equity's biggest bets.

Source: Moody's via Thomson Reuters

The Great British Problem

Theresa May has a smorgasbord of ideas to boost the UK's productivity. But none of it matters more than the fallout from Britain's divorce from the European Union.

Source: UK Office for National Statistics, Eurostat and OECD

Constant price GDP per hour worked Index, 2007 = 100

And don't miss Mark Gilbert on Norway's wealth-fund overreach: "Should the investment arm of one sovereign nation be using its financial muscle to influence salary policies in other sovereign nations, setting principles which then guide how it votes in particular examples? No matter how laudable its aims, this seems like a clear case of mission creep. The fund's sheer size -- it owns about 1.5 percent of every listed company in the world and invests in almost 9,000 companies -- gives it clout. But its status as an arm of the government of Norway should make it wary of behaving like just another custodian of assets."

This column does not necessarily reflect the opinion of Bloomberg LP and its owners.

    To contact the author of this story:
    Max Nisen in New York at mnisen@bloomberg.net

    To contact the editor responsible for this story:
    Mark Gongloff at mgongloff1@bloomberg.net

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