Good morning. Interesting line, but I hope that this does not imply that stocks should be trading at a PE of 60…?
Cool chart on the importance of buybacks for the US market
On the importance of good inflation estimates to assess monetary policy…
How much higher can Chinese stocks go?
Emerging markets, the short version
Some comments on the decision to frontload the bond acquisitions by the ECB
And even more on low productivity…
A golden oldie: the misery index
Who is the biggest employee with respect to renewable energy?
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