Good morning. An updated version of this classic

http://www.ritholtz.com/blog/2015/01/bull-and-bear-market-durations/

King Abdullah of Saudi Arabia has died…

http://www.wsj.com/articles/saudi-arabias-king-abdullah-dies-1421969658
http://uk.businessinsider.com/heres-everything-we-know-about-the-new-saudi-king-2015-1
http://www.reuters.com/article/2015/01/23/us-markets-oil-idUSKBN0KW03120150123
http://qz.com/331883/we-have-a-new-saudi-arabian-king-but-the-world-already-wants-to-know-who-will-succeed-him/

Interesting chart which seems to suggest that demand for gas is already responding to lower prices

http://ftalphaville.ft.com/2015/01/22/2097692/a-right-oil-hotchpotch/

Eurostat figures on European debt. Any progress yet?

http://ec.europa.eu/eurostat/documents/2995521/6483082/2-22012015-AP-EN.pdf/765eba70-6a88-4771-8af7-48f6665e3c67

The IMF produces a report on financial repression, but shies away from using the term in the title

http://www.imf.org/external/pubs/ft/wp/2015/wp1507.pdf

Always informative: the Big Mac index

http://www.economist.com/news/finance-and-economics/21640370-some-currencies-lose-weight-diet-qe-and-cheap-oil-others-bulk-up-oily-and

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