Good Morning. Debt. But we seldom get to see the other side of the coin: someone owns the debt. Wealth. (via @Johan3704)

https://twitter.com/shahinkamalodin/status/397411380824780800/photo/1

A presentation by a Fed board member on the topic of tapering: you better listen!

http://research.stlouisfed.org/econ/bullard/pdf/BullardStLRegChamberFinancialForum1November2013Final.pdf

Non performing loans in Europe: The Netherlands looks pretty healthy here… Surprisingly so
http://ftalphaville.ft.com/2013/11/05/1686722/the-npl-standardisation-factor/

Cool chart, which seems to imply that the myth of of no-investment is overdone. As long as you agree that acquisitions are grotwh related, that is…

http://www.businessinsider.com/sp-500-cash-usage-2013-11

Interesting question: will (US) pension funds reduce risk once they are fully funded again, or will they increase risk…?

http://www.businessinsider.com/pension-funds-funded-status-2013-11

Some more information on the (high) Shiller PE…

http://www.businessinsider.com/robert-shiller-explains-how-to-use-cape-2013-11

…and talking about Shiller PE’s: Europe is the cheapest!

http://blogs.ft.com/beyond-brics/2013/11/05/em-stock-cheap-or-just-riskier/

Deleveraging European banks: yesterday’s news: when will they start to relever again?

http://www.businessinsider.com/european-bank-deleveraging-2013-11

Numerous (non-)essential international comparisons between countries by the OECD. On lazy Italian men…

http://qz.com/143730/italian-men-dont-like-housework-canada-has-too-many-rooms-and-eight-other-data-updates-on-the-world/

Wow! Cool charts at the end of 50 pages of research by the IMF on the potential GDP loss in the US


http://www.imf.org/external/np/res/seminars/2013/arc/pdf/wilcox.pdf

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