Good morning. What equity market is the most expensive according to Fund Managers?
Ah: I see this figure becoming more popular. Key takeaway: ageing is not equal to more saving
https://files.stlouisfed.org/files/htdocs/publications/review/2017-04-12/household-debt-and-the-great-recession.pdf
Ah yes, the French elections…
http://www.economist.com/blogs/graphicdetail/2017/04/daily-chart-13
A bit of reading on capital flows
https://ftalphaville.ft.com/2017/04/19/2187688/the-bis-thinks-capital-controls-are-dumb/
The frontier markets are taking it to the next level
https://www.bloomberg.com/news/articles/2017-04-19/no-more-new-frontiers-creates-index-problem-for-hottest-stocks
The Global Savings glut! It is back!!
https://ftalphaville.ft.com/2017/04/19/2187641/your-morphing-global-savings-glut/
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