Everyone else is knee-deep in shit trying to give their story on why EM currencies are getting hammered. There’s enough noise on that front for you to sort through elsewhere. Take a look at these two articles to get away from that:
I don’t know about you, but the weather here in NC has been remarkable and I’m looking forward to drinking beer outside in a hoodie. Nothing is more relaxing to me than fall weather. Hopefully you have some smashing plans for your weekend. Here’s what I’ve been reading this morning:
- Don’t wanna work for assholes? You don’t have to! (Seth’s Blog)
- World GDP: Keep an eye on China (Economist)
- US railroad traffic continues to expand (Calculated Risk)
- Apple’s new iPhone release could be the best ever (Tech Crunch)
Also, take a look at this chart depicting the yield of 10-year treasuries:
We could have some room to go on the downside. My take on the chart, all quotes from Bullard on tapering today aside, is that support should be met around 2.5%. If that level is broken we could probably revisit the 2-2.2% range.
Here are a few articles I found worth your time this morning:
- London real estate is all the rave… for foreigners (CNBC)
- Is economic theory a thing of the past? (Noahpinion)
- This week’s economic schedule (Calculated Risk)
- July performance of major asset classes (Capital Spectator)
- Is this this new iPhone & iPad design? (Value Walk)
- Not looking good for my Millennial brethren (Mish’s Blog)
Enjoy and cheers to Monday morning coffee disasters.