Good morning. Probably an old chart, but still interesting 

http://www.zerohedge.com/news/2014-11-05/biggest-risk-worlds-economy

European earnings are flatlining. Again.

www.businessinsider.com/eurozone-stocks-earning-growth-gap-2014-11

Some thoughts on the Bank of Japan action from Martin Wolf

http://www.ft.com/intl/cms/s/0/35e3f7e4-6415-11e4-bac8-00144feabdc0.html

Moody’s issues a report on the pension shortfall in the US

http://www.ai-cio.com/channel/RISK_MANAGEMENT/US_Companies__Must_Pay_$110B_More_to_DB_Plans_.html

A bit of a warm up for this Friday’s payroll report…

http://www.zerohedge.com/news/2014-11-05/despite-peoples-vote-adp-private-payrolls-prove-employment-situation-great

…and here’s another

http://www.businessinsider.com/ism-nonmanufacturing-employment-index-oct-2014-2014-11

The PIMCO downfall continues….

http://online.wsj.com/articles/investors-pulled-record-amount-from-pimcos-total-return-fund-in-october-1415137835

Not sure whether this one is true, but if it is, it’s funny

http://www.zerohedge.com/news/2014-11-05/mope-and-change-folks

Cool stack. Or should we be horrified in stead…?

http://qz.com/291640/big-banks-just-set-aside-15-billion-for-legal-defense-instead-of-boosting-the-economy/

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