Book note: The flaws in GDP. A look at Dirk Philipsen’s forthcoming The Little Big Number: How GDP Came to Rule the World and What to Do about It.   (Reading the Markets)

Quote of the Day

"The goal of active investing has nothing to do with outperforming the market."

(Marshall Jaffe)

Chart of the Day

Energy stocks seem to be finding a bottom.

(allstarcharts.com)