Good morning. Ok: double or nothing: is it gonna be Abenomics, or Abeggedon..? The yen strengthened massively, overnight…
http://www.businessinsider.com/yen-surges-most-in-3-years-2013-6

And to put it into historical perspective…

http://www.zerohedge.com/news/2013-06-06/biggest-usdjpy-crash-three-years

Emerging Markets are having a tough time right now…

http://blogs.ft.com/beyond-brics/2013/06/07/snap-em-fund-flows-a-painful-correction/

http://www.economist.com/news/finance-and-economics/21579021-sell-emerging-markets-should-not-obscure-their-attractions-out-favour

Momentum strategies (buying the winners), works, even if markets go down

http://www.bespokeinvest.com/thinkbig/2013/6/6/not-your-run-of-the-mill-sell-off.html

Nice bit of reading by @Pawelmorski on bubbles: Yada yada QE yada debasement yada yada tulips
http://pawelmorski.com/2013/06/05/bubbles-how-i-learned-to-stop-worrying-and-love-the-bond/

Ah yes: US households just got wealthier than ever before! (probably not if you divide it by population. or take out the 1%…)

http://www.zerohedge.com/news/2013-06-06/us-household-net-worth-hits-record-rises-333-billion-each-day-first-quarter

…but this picture clearly tells another story (even though I think it is unfair to take the decline at the begining)

http://blogs.wsj.com/economics/2013/05/31/how-does-income-growth-compare-to-other-recoveries/

Looking at the growth projection of the ECB, things will brighten before long!
http://www.ecb.europa.eu/pub/pdf/other/eurosystemstaffprojections201306en.pdf

Ok, if this relationship holds, the flat earnings outlook does not bode well for business investments…

http://www.businessinsider.com/albert-edwards-warns-of-bea-earnings-data-2013-6

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