Good morning. 33 seconds worth of retail spending in the US. A variation on the debt clock theme (via http://www.ritholtz.com/)
http://www.retale.com/info/retail-in-real-time/

The moment we have all been waiting for: suggestions that central banks will ‘monetise’ bonds (keep them indefinitely) is now being talked about… And Japan is the obvious first

http://soberlook.com/2014/06/monetizing-qe-bonds.html

Unit labour costs: some thoughts from the OECD

http://www.oecd.org/newsroom/system-of-unit-labour-cost-oecd-updated-june-2014.htm

Mmm. So much for the decline in banking… (paywall)

https://www.economist.com/news/finance-and-economics/21604574-new-paper-shows-industrys-take-has-been-rising-counting-cost-finance

The Fed reduced volatility in rates, but is appears to have increased (via @leonmwc)

http://www.nytimes.com/2014/06/08/opinion/sunday/the-biology-of-risk.html

And, to stick with the Fed a little longer: these are the projections issued on Wednesday…

http://www.ritholtz.com/blog/2014/06/10-thursday-pm-reads-107/

A long-read on active asset management

https://rpseawright.wordpress.com/2014/06/18/active-management-required/

Certainly not perfect, but still: I have seen worse…

http://www.crossingwallstreet.com/archives/2014/06/unemployment-and-future-stock-returns.html

Oracle’s track record on capex versus stock buybacks

http://www.zerohedge.com/news/2014-06-19/most-stunning-chart-oracles-earnings-report

I have shown this one before, right?

http://qz.com/223807/where-over-half-of-the-worlds-exports-are-going-in-one-elegant-chart/

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