Good morning. The fed and the hawk-o-meter. I would say Brainard’s arrow should go to the left though

http://www.ritholtz.com/blog/2015/12/the-fed-turns-more-hawkish/

This is pretty interesting, if correct: you are hardly compensated for the risk you take in the credit market…

http://econompicdata.blogspot.nl/2015/12/when-to-avoid-credit-risk-within-fixed.html

The productivity puzzle

http://www.nakedcapitalism.com/2015/12/the-puzzle-of-technical-dis-employment-and-productivity-slowdown.html

An update on the absolute level of consumer debt in the US

http://uk.businessinsider.com/the-future-is-still-bright-2015-12

Cool. An overview of the Spanish bond market since 1850

https://mpra.ub.uni-muenchen.de/68199/1/MPRA_paper_68199.pdf

Debt, debt, debt. I almost would like to go back to the time when everyone was talking about Piketty…

http://ftalphaville.ft.com/2015/12/09/2147366/this-default-cycle-is-for-turning/

“Should You Fear the ETF?” The graphic seems to suggest you should…

http://www.wsj.com/articles/should-you-fear-the-etf-1449457201

And should you fear the robot? In Dutch, a study by the WRR

http://www.wrr.nl/fileadmin/nl/publicaties/PDF-verkenningen/Verkenning_31_De_robot_de_baas.pdf

Urban growth… per hour???

http://www.ritholtz.com/blog/2015/12/the-worlds-fastest-growing-cities/

Some factoids on millennials

http://www.bloombergview.com/interactives/2015-millennials/

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