Good morning. Vice costs around the world
http://ritholtz.com/2017/01/forbidden-cost-vice/

Where deflation comes from…

http://ritholtz.com/2017/01/sunday-reads-78/

Interesting to see that the regional bond-equity correlation for Japan deviates…

https://bankunderground.co.uk/2017/01/13/more-on-the-bond-equity-correlation/

This shows what people would do with free helicopter money. I do not see the harm in saving, but some do…

http://voxeu.org/article/helicopter-money-loved-not-spent

Everything you always wanted to ask about low volatility (but were afraid to ask)

www.paradoxinvesting.com

This trend is impossible to ignore

http://awealthofcommonsense.com/2017/01/great-to-see-you-active-management-are-you-still-alive/

The BIS has written a report on the sterling flash crash

http://www.bis.org/publ/mktc09.pdf

A bit of European history

http://voxeu.org/article/europe-s-rich-1300

Well, I am happy that someone is tracking this…

https://medium.com/@PaulStollery/all-of-the-fucks-given-online-in-2016-58c60edd6e44#.1w72xx9k8

And the US schedule for the week to come, starting with Martin Luther King’s Day

http://www.calculatedriskblog.com/2017/01/schedule-for-week-of-jan-15th.html

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