Good Morning. There is a budget deal in the US! Not everyone is very impressed though…
http://www.zerohedge.com/news/2013-12-17/us-budget-deal-summarized-one-cartoon
By the IMF: “Seven Questions on Financial Crises: Perspectives from the Frontier of Research”
http://www.imf.org/External/Pubs/FT/irb/2013/04/index.pdf
And still, there are people claiming that QE has no real impact…
http://www.zerohedge.com/news/2013-12-17/fed-driving-you-drink
…and talking about statistical quirks: this one is comparing apples with pears. The 35 year old in 1983 has turned into a 72 year old by 2010…
http://www.zerohedge.com/news/2013-12-17/change-us-net-worth-age-group
10% corrections between recessions have been pretty uncommon off late…
http://www.businessinsider.com/history-of-10-corrections-2013-12
So far, earnings per share growth has been achieved without much underlying earnings growth…
http://www.creditwritedowns.com/2013/12/equitiy-markets-massive-bubble.html
This is a topic that continues to attract a lot of attention. Rightfully so.
Some background information (chart + FT special) on Egypt
http://blogs.ft.com/beyond-brics/2013/12/18/egypt-after-morsi-all-you-need-to-know/
Ok, so The Economist is claiming that santa is the fastest thing in this world…
http://www.economist.com/blogs/graphicdetail/2013/12/daily-chart-3
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