Book review: Maria Konnikova’s The Confidence Game: Why We Fall For It…Every Time is “..an enjoyable read with tales of cons and con artists throughout history.”  (Farnam Street)

Quote of the Day

"Once one accepts that equities can underperform, then one needs to worry about starting valuations."

(Buttonwood)

Chart of the Day

Term spreads are positive around the globe, except for China.

(econbrowser.com)