Good morning. US GDP is not exactly booming???

(source: http://feedproxy.google.com/~r/clusterstock/~3/zLtbEeUki-Q/chart-gdp-components-2012-9)

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???which is at least partly due to the drought

?????????????????? http://www.ft.com/cms/s/0/e2c56ba2-089e-11e2-b57f-00144feabdc0.html

?????????????????? http://www.reuters.com/article/2012/09/27/us-gdp-idUSBRE88Q0S020120927

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And even though the durable goods orders are notoriously volatile, the ???plunge??? was big enough to reach headlines???

?????????????????? http://feedproxy.google.com/~r/clusterstock/~3/2DWJ20swiWo/august-durable-goods-orders-2012-9

?????????????????? http://www.census.gov/manufacturing/m3/adv/pdf/durgd.pdf

?????????????????? http://www.bloomberg.com/news/2012-09-27/orders-for-u-s-capital-goods-signal-business-spending-slowdown.html

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Normally, I do not pay too much attention to individual company earnings, but this time: Nike reports disappointing?? numbers on??? weak Chinese orders!

?????????????????? http://www.reuters.com/article/2012/09/27/us-nike-earnings-idUSBRE88Q1OF20120927

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Also some good news: revisions of the payroll data has added 400k jobs to the US economy

?????????????????? http://blogs.wsj.com/economics/2012/09/27/nearly-400000-more-jobs-added-than-first-thought/

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I haven???t had the chance to read this one yet, but an article on the impact of the US dividend tax on stocks

?????????????????? http://aswathdamodaran.blogspot.nl/2012/09/the-dividend-tax-cliff-approaches.html

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And this it the new hip thing to do: spotting the next crisis. Old age is the one, according to the Economist

https://www.economist.com/sites/default/files/imagecache/full-width/images/print-edition/20120929_FND001_0.jpg

?????????????????? http://www.economist.com/node/21563725

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???Signs that bond market finally has topped??? If only I had gotten a quarter every time I read a headline like this over the past 20 years???

?????????????????? http://articles.marketwatch.com/2012-09-26/commentary/34094335_1_bull-market-timers-bond-market

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A small piece on Emerging markets bonds

?????????????????? http://blogs.ft.com/beyond-brics/2012/09/28/em-bonds-profit-from-falling-volatility/

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Ah, the virtues of a currency: it???s a pity that it can also go up, rather than down. UK current account deficit is ballooning

?????????????????? http://www.bondvigilantes.com/blog/2012/09/27/the-uks-current-account-deficit-keeps-getting-worse-terrible-numbers-today-time-to-reduce-sterling-exposure/

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The rule of 20 for stock markets

?????????????????? http://www.news-to-use.com/2010/11/the-rule-of-20-equity-valuation-method.html

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Shortfall in the Dutch pension system amounts to 13 billion

?????????????????? http://www.ipe.com/nederland/pensioenkorting-in-totaal-13-miljard_47641.php#.UGUo0rsmYwI

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It???s huge, it looks great, and it tries to compare the euro area to a solar system??? Let me guess: an infographic?

?????????????????? http://www.zerohedge.com/news/2012-09-27/visualizing-ecbs-solar-systemic-impact-eurozone

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