Good Morning. One last look back: 2013 was the year that total returns where only marginally supported by earnings growth (Japan being the exception)
http://www.businessinsider.com/deconstructed-global-stock-market-returns-2014-1

Ah well, a second look won’t hurt, will it? The Wall Street Journal on the underperformance of the REITs in 2013…

http://online.wsj.com/news/articles/SB10001424052702304887104579306611495735906

FOMC statements with zero words. Those were the days…

http://www.zerohedge.com/news/2014-01-08/visualizing-feds-increased-transparency

Now, this is interesting: normally analyst are always way too optimistic, but with US unemployment…

http://www.zerohedge.com/news/2014-01-08/what-keeps-goldman-night

Job growth in the US is gaining momentum…

http://www.businessinsider.com/adp-employment-december-2014-1

“U.S. oil exports have been banned for 40 years. Is it time for that to change?”
http://www.washingtonpost.com/blogs/wonkblog/wp/2014/01/08/u-s-oil-exports-have-been-banned-for-40-years-is-it-time-for-that-to-change/

Nice looking overview chart on minimum wages in the US

http://www.ritholtz.com/blog/2014/01/2014-minimum-wage-laws/

Man. I should have bought a house in San Fransisco…

http://www.bespokeinvest.com/thinkbig/2014/1/8/updated-spcase-shiller-housing-numbers.html

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