The Morning Call
Monday in the charts.
Low interest rates do not justify higher stock prices.
The December NY Fed manufacturing index was reported at 4.9 versus estimates of 5.9.
October UK average earnings rose 2.7% versus consensus of +2.2%; unemployment was 4.9% versus 5.1%.
November YoY Chinese fixed asset investments were up 2.6%, in line; industrial production was up 7%, also in line; retail sales were up 5.0% versus 5.2%; November unemployment was 5.2% versus 5.5%
Update on seven high frequency indicators on the economy.
Mass evictions expected at end of January.
Ed Yardini on inflation prospects.
More on the likelihood of inflation.
Could stagnation be coming to an end?
Or getting worse?
EU wobbles while France holds it hostage.
Global negative yielding debt tops $ 18 trillion.
Bottom line. Upgrade the quality of your portfolio.Yield = Poison (4)
What Bogle and Buffett both got right.
2020 investing lessons.
News on Stocks in Our Portfolios
What I am reading today
More wisdom from Morgan Housel.
The story of Dave Brubeck’s ‘Take Five’.
Treasure hunter stays in jail five years rather than reveal location of loot. The story of the incredible effort to locate and retrieve the gold in this treasure ship can be read in ‘Ship of Gold in the Deep Blue Sea’. It is a great book.
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