Good morning. The post Obama re-election sell-off is also pushing valuation of stocks lower again. That, or markets are faster than consensus???

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(source: http://www.bespokeinvest.com/thinkbig/2012/11/8/pe-ratios-contract.html)

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For the inflationistas out there: Chinese prices are down again. Only 1.7%

?????????????????? http://www.ft.com/intl/cms/s/0/1bfeddce-2a12-11e2-a5ca-00144feabdc0.html

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???Fiscal cliff would trigger US recession??? Talk about an obvious conclusion, but the CBO ran through the numbers. Cutting taxes on the rich does not hurt that much???

?????????????????? http://www.cbo.gov/publication/43694

?????????????????? http://www.washingtonpost.com/blogs/ezra-klein/wp/2012/11/08/cbo-letting-upper-income-tax-cuts-expire-would-barely-hurt-economy/

?????????????????? http://www.ft.com/intl/cms/s/0/69d09074-29e0-11e2-a5ca-00144feabdc0.html

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Nice title: ???A Question of When, Not Cliff???

?????????????????? http://online.wsj.com/article/SB10001424127887324073504578105243589748584.html

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And the CBO has been busy: another report looking at the deficit

?????????????????? http://www.cbo.gov/publication/43692

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The US = Japan research is getting a bit boring I must admit, but here are Nomura???s thoughts on the issue. They find a lot of similarities???

?????????????????? http://www.zerohedge.com/news/2012-11-08/following-japanese-models

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Sure, it is old news, but people, just try to imagine living in an economy with 25% of unemployment???

?????????????????? http://www.zerohedge.com/news/2012-11-08/greek-unemployment-rate-hits-record-254

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The prosperity ranking. For what it is worth???

?????????????????? http://www.businessinsider.com/the-biggest-trends-in-global-prosperity-2012-11

?????????????????? http://www.prosperity.com/

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The rise of the African consumer, a report by McKinsey. Should be interesting, right?

?????????????????? https://www.mckinseyquarterly.com/Marketing/Sectors_Regions/The_rise_of_the_African_consumer_3030

?????????????????? http://www.mckinsey.com/~/media/McKinsey%20Offices/South%20Africa/PDFs/Rise_of_the_African_consumer-McKinsey_Africa_Consumer_Insights_Center_report.ashx

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???What Successful People Do With The First Hour Of Their Work Day??? Not claiming to be successful, but I guess you have been just reading what I have done the first hour of this day???

?????????????????? http://www.fastcompany.com/3000619/what-successful-people-do-first-hour-their-work-day

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