Good morning. Knowing that the Russian stock market is trading at a PE of around 8, does that mean they have hit bull’s eye?

http://uk.businessinsider.com/best-pe-ratio-for-stock-returns-2015-2

Have we run out of new ideas, or something? We appear to be rehashing the do-not-fear-the-high CAPE theme…

http://uk.businessinsider.com/sp-500-cape-vs-sp-500-12-mth-forward-returns-2015-2

The Friedman plucking model. If it works, we must be heading for a huge boom!

http://www.bruegel.org/nc/blog/detail/article/1579-the-plucking-model-of-recessions-and-recoveries/

How much lower can inflation rates go?

www.economist.com/blogs/graphicdetail/2015/02/daily-chart-17

Cool. although it takes some time to know how to read this one…

http://xkcd.com/1491/

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