Good Morning. Interesting chart showing that no matter what kind of cycle you look at from the past, the current earnings do not fit the bill…
http://www.zerohedge.com/news/2014-01-12/bubble-or-not-us-stocks-are-priced-deliver-dismal-long-term-returns

Best of last week. According to me.

https://lukasdaalder.com/2014/01/10/best-in-economics-this-week-january-10/
You want more investments? Don’t expect it by doing anything with rates or yields in that case…

http://www.federalreserve.gov/pubs/feds/2014/201402/201402pap.pdf

Fascinating movieclip on the rise of option quotes in the first two seconds of trading

Some charts on the valuation of stocks, all pointing in the direction of overvaluation…

http://www.zerohedge.com/news/2014-01-11/did-goldman-just-kill-music-sp500-now-overvalued-almost-any-measure

Finally also some positive news on pensions!

http://www.businessinsider.com/pension-cost-profit-margin-tailwind-2014-1

Minimum wages (or the lack thereof) are the rage of the moment

http://www.ritholtz.com/blog/2014/01/the-rise-and-fall-of-minimum-wage/

Interesting question asked (and answered) by the BIS: is moneatry policy overburdened?

https://www.bis.org/publ/work435.pdf

Interesting table showing the net worth of all congress members in the US…

http://www.zerohedge.com/news/2014-01-12/how-much-your-congressional-representative-worth-complete-infographic

This decline in ‘mobile and other’ sort of puzzles me… Isn’t mobile the big thing right now?

http://www.ritholtz.com/blog/2014/01/better-times-for-the-music-industry/

And the schedules for the week to come
http://www.calculatedriskblog.com/2014/01/schedule-for-week-of-january-12th.html
http://blogs.ft.com/beyond-brics/2014/01/12/the-week-ahead-jan-12-17/#axzz2qDOilfS9

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