Good morning. Nice one: your maximum loss in bonds versus stocks

https://theirrelevantinvestor.wordpress.com/2015/10/15/dry-powder/

Ten super Dilberts: spot your own favorite!

http://uk.businessinsider.com/best-dilbert-comics-2015-10

Test your skills as a market timer!

http://www.bloomberg.com/features/2015-stock-chart-trading-game/

I only believe this chart if I get to see the same chart with the dot on the top, one year ago

http://ftalphaville.ft.com/2015/10/20/2142521/your-updated-guide-to-being-an-em-fx-bull-now-with-bonus-prayer/

A presentation by Brad Delong, who is basically asking a lot of questions

http://www.bradford-delong.com/2015/10/macro-situation-how-many-bullets-can-the-economy-dodge.html

Earnings power for Japanese equities is weak. Why?

http://www.voxeu.org/article/poor-earning-power-japanese-firms

Interesting factoid: how the S&P500 breaks down in credit quality

http://uk.businessinsider.com/speculative-grade-companies-in-the-sp-500-2015-10

The lending standards in Eurozone have generally eased

https://www.ecb.europa.eu/stats/pdf/blssurvey_201510.pdf?c26d6bcb68a8ff4591521d35ccc0abcd

Interesting

http://uk.businessinsider.com/hasbro-foreign-currency-star-wars-2015-10

Portfolio investments are almost as big as the current account

http://www.ecb.europa.eu/press/pr/stats/bop/2015/html/bp151020.en.html

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