Good morning. I should read this, probably.
http://alephblog.com/2016/04/09/estimating-future-stock-returns/
Rallying stocks and declining earnings make stocks more expensive…
https://www.bespokepremium.com/think-big-blog/sp-500-trailing-12-month-pe-ratio-hits-six-year-high/
On that IMF growth forecast…
https://www.economist.com/news/finance/21696883-fund-sees-danger-economic-doldrums-imf-downgrades-global-growth
Leverage is on the rise
http://uk.businessinsider.com/1-trillion-bond-bubble-ready-to-burst-2016-4
Interesting chart. I am gonna test this on my kids…
https://www.washingtonpost.com/news/wonk/wp/2016/04/14/this-unusual-test-reveals-how-smart-you-are/
What’s a vote worth?
http://www.economist.com/blogs/graphicdetail/2016/04/daily-chart-10
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