Book review: America’s Bank: The Epic Struggle to Create the Federal Reserve by Roger Lowenstein is an “engrossing read.”  (Reading the Markets)

Quote of the Day

"The investment world, as with other fields, has its illusions--trends that appear, disappear, and reappear in altered form, giving the impression that they are new inventions, when instead they are merely manifestations of long-standing patterns."

(John Rekenthaler)

Chart of the Day

US natural gas prices are back down to 2012 levels.