Book list: Five books that put some life in the “dismal science” including Chicagonomics: The Evolution of Chicago Free Market Economics by Lanny Ebstein. (Bloomberg View)
Quote of the Day
"It turns out that the financial markets are perfectly happy to back long-term investment, so long as it has the prospect of a genuine return."(Matthew Lynn)
Chart of the Day
Emerging markets have been underperforming domestic equities since 2010.