Good morning. Total Assets under management for the world: USD 68 trillion

http://www.bloombergview.com/articles/2014-11-20/money-rolls-in-for-the-money-managers

I showed this one last year, but it is interesting enough to show it again: global weirding (and what it could mean for the world economy)

And here is another clip, to show that global warming is here
https://www.youtube.com/watch?v=F5ymM00tR9o&feature=youtu.be

Very cool chart on the longevity of fund managers…

http://ftalphaville.ft.com/2014/11/20/2048172/you-are-not-experienced/

Interesting chart: stock returns are often a combination of both earnings as well as PE increases

http://www.bloombergview.com/articles/2014-11-20/ritholtzs-reads-bad-timing

And, according to some, the S&P500 has finally taken out the 2000-high in inflation adjusted terms. But does this take dividends into account?

http://www.zerohedge.com/news/2014-11-20/3-things-worth-thinking-about

“Currency carry trades are not what you think” Which begs the question, what he thinks that I think what currency carry trades are…

http://www.voxeu.org/article/currency-carry-trades-are-not-what-you-think

21 year high!!

http://www.bespokeinvest.com/thinkbig/2014/11/20/philly-fed-hits-a-21-year-high.html

Versus more weakness in Europe…

http://www.zerohedge.com/news/2014-11-20/global-slowdown-confirmed-pmis-missing-japan-china-europe-usdjpy-nears-119-then-slid

But when you look at ten year moving averages, Germany still leads the way!

http://www.economist.com/blogs/graphicdetail/2014/11/secular-stagnation-graphics

Does growth create jobs? Ten years back, this would have been a pretty dumb question…

http://blog-imfdirect.imf.org/2014/11/19/growth-an-essential-part-of-a-cure-for-unemployment/

How to make a bad chart, part I

http://www.ritholtz.com/blog/2014/11/u-s-debt-held-by-foreigners-hits-record-6-07-trillion/

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