Good morning. Very interesting chart on drawdowns in stocks versus small caps

http://awealthofcommonsense.com/2016/11/the-agony-of-investing-in-small-cap-stocks/

That does it: I am moving to Belgium…

https://www.businessinsider.nl/expected-duration-of-working-life-in-europe-2016-11/

The key takeaway here: if this expansion continues to last, it will eventually turn in the strongest ever!

http://ritholtz.com/2016/11/compare-recessions-recoveries-via-employment-output/

Not that we are keeping a score, but here are the 282 promises Trump made….
https://www.washingtonpost.com/politics/i-will-give-you-everything-here-are-282-of-donald-trumps-campaign-promises/2016/11/24/01160678-b0f9-11e6-8616-52b15787add0_story.html

A bit of reading by the IMF on the non-core of Europe

https://blog-imfdirect.imf.org/2016/11/29/a-field-guide-to-exchange-rate-regimes-in-central-eastern-and-southeastern-europe/

On the UK

https://www.businessinsider.nl/bank-of-england-financial-stability-survey-2016-11/

A bit more perspective on the recent US earnings recession

http://fat-pitch.blogspot.nl/2016/11/what-happened-to-earnings-recession.html

Fidel no more

http://www.economist.com/blogs/graphicdetail/2016/11/timeline

Black swan ( via Machiel Zwanenburg)

http://www.smbc-comics.com/comic/black-swan

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