Good Morning. Very cool overview of where we on the cycle of leverage!

http://www.zerohedge.com/news/2013-11-27/global-leverage-cycle-you-are-here

As expected: “Brazil raises benchmark rate to double digits”
http://www.ft.com/intl/cms/s/0/fb86cf18-57bd-11e3-b615-00144feabdc0.html

The great divide in the American economy…

http://www.washingtonpost.com/business/economy/among-american-workers-poll-finds-unprecedented-anxiety-about-jobs-economy/2013/11/25/fb6a5ac8-5145-11e3-a7f0-b790929232e1_story.html

When and how will the ECB ease monetary policy?

http://ftalphaville.ft.com/2013/11/27/1706722/an-ecb-funding-for-lending-trial-balloon/

Getting tired of bitcoin? No worries!! LITECOIN!!!!

http://ftalphaville.ft.com/2013/11/27/1707542/the-litecoin-disruption/

And no! Bitcoin is of course not the same as -say- the south seas stock… 🙂

http://www.mebanefaber.com/2013/11/26/bitcoin-vs-south-seas-stock/

The Financial stability report from the ECB is out. Enough reading material for a whole week…

http://www.ecb.europa.eu/pub/pdf/other/financialstabilityreview201311en.pdf?7bec0dd1be03f8af0020c3c258b053d0

Ah, except for the US, the dividend yield is still in excess of bond yields

http://www.businessinsider.com/chart-stocks-are-crushing-bonds-2013-11

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