Good morning. The Fed is about to raise interest rates this week!

http://uk.businessinsider.com/monday-scouting-report-dec-14-2015-2015-12

“The average price-earnings ratio during the manipulation period is 35.” Mmmm. What is trading at 35 right now…?
http://www.economist.com/blogs/buttonwood/2015/12/investing?fsrc=scn/tw/te/bl/ed/investinghowcompaniesmassagetheirprofitstobeatmarketforecasts

If you want to read a good report on real bond yields, this one is a solid starting point! (via @lukaszRachel)

http://www.bankofengland.co.uk/research/Documents/workingpapers/2015/swp571.pdf

A bit of reading on Artifcial Intelligence

http://www.bloomberg.com/news/articles/2015-12-08/why-2015-was-a-breakthrough-year-in-artificial-intelligence

I didn’t read this. But it did make me wonder…

https://theconversation.com/europe-and-the-great-recession-is-it-a-crisis-wasted-51943

Well, the Economists seem to have seen the problem…

http://www.slate.com/blogs/moneybox/2015/12/09/climate_change_has_huge_economic_impacts.html

High Yield outflows. One positive, there are better returns to be made when risk is being priced again

http://ftalphaville.ft.com/2015/12/11/2147652/the-flight-before-christmas-and-that-potential-third-avenue-hy-canary/

So much for ageing having an impact on asset returns (stocks that is)

http://ftalphaville.ft.com/2015/12/11/2147584/why-should-changes-in-population-structure-affect-valuations/

And the week to come: the week of the first US rate hike in years…

http://www.calculatedriskblog.com/2015/12/schedule-for-week-of-december-13th.html

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