Good morning. A bit of perspective: sell-off’s have reversed consistently since 2009 (which is of course no guarantee)

http://uk.businessinsider.com/chart-puts-stunning-stock-market-plunge-into-perspective-2016-1

Ok, so Utilities have done pretty ok in this sell-off….

https://www.bespokepremium.com/think-big-blog/sp-500-trading-range-chart-sector-breadth-levels/

The good news: bonds didn’t suffer in the sell-off. The bad news: normally bonds would have rallied…

http://awealthofcommonsense.com/three-things-that-matter-during-a-market-sell-off/

Horrible…

http://www.economist.com/news/united-states/21688924-students-judge-their-teachers-often-unfairly-ratings-agency?fsrc=rss%7Cust

Stocks are not doing the same as car sales are doing

http://www.businessinsider.com/stock-market-great-if-you-sell-to-americans-2016-1

For what it is worth: the two year rolling price move in oil has hit 71%

https://www.bespokepremium.com/think-big-blog/rolling-2-year-change-in-oil-hits-71/

I somehow think that I have shown this one before, but here you go: liquidity in bond markets

http://www.bis.org/publ/cgfs55.pdf

“How blockchain tech could change the way we do business”

http://www.bbc.com/news/business-35370304

Hot (and depressing) interactive chart showing how warm global temperatures were in 2015

http://www.bloomberg.com/news/features/2016-01-20/2015-was-the-hottest-year-on-record-by-a-stunning-margin

For the more hardcore economists: “The Declining Marginal Product of Capital”

https://growthecon.wordpress.com/2016/01/20/the-declining-marginal-product-of-capital/

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