Good Morning. The taper must be coming, as the Fed will otherwise buy more than 100% of the new bond issue (via @EBawerk, ht @leonmwc)

https://twitter.com/EBawerk/status/395934363436584961/photo/1

China’s PMI rose further, this morning….

http://www.forexlive.com/blog/2013/11/01/china-october-hsbc-manufacturing-pmi-recap/

Very interesting website packed with maps showing what this world looks like (via @jduyvesteyn)

http://chartsbin.com/

Hey, I missed this: apparently the US Treasury has been critical on Germany’s growth model in the semi-annual currency report

http://www.spiegel.de/international/germany/germany-defends-trade-surplus-after-critical-us-treasury-report-a-931126.html
http://www.treasury.gov/resource-center/international/exchange-rate-policies/Documents/2013-10-30_FULL%20FX%20REPORT_FINAL.pdf

Looks pretty drastic…

http://ftalphaville.ft.com/2013/10/31/1683112/the-collapse-of-us-infrastructure-spending-charted/

Keep guessing, I would say….

http://www.businessinsider.com/citi-heres-the-new-tapering-schedule-2013-10

The Economist takes a look at why profit margins have been high and if this can persist…

http://www.economist.com/news/finance-and-economics/21588901-american-corporate-profits-seem-have-defied-gravity-margin-error
Beautiful chart from the IMF on China’s influence in sub-saharan Africa thanks to alphaville

http://www.imf.org/external/pubs/ft/reo/2013/afr/eng/sreo1013.htm
http://blogs.ft.com/beyond-brics/2013/10/31/imf-measuring-chinas-impact-on-africa

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