Book review: The Oracle of Oil: A Maverick Geologist’s Quest for a Sustainable Future by Mason Inman is “nevertheless a fascinating read.”  (FT)

Quote of the Day

"The CAPE ratio is not some wise old friend that has been around for centuries. It was invented only recently and has not worked very well."

(Jeff Miller)

Chart of the Day

Why the Market Vectors Fallen Angel High Yield Bond ETF ($ANGL) is outperforming the main line high yield bond ETFs.