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.