Book review: Katy Sukel’s The Art of Risk: The New Science of Courage, Caution and Chance shows us the importance of risk-taking in daily life.  (Scientific American)

Quote of the Day

"Treat 2008 Peak Oil as a cautionary tale when listening to new narratives, promulgated after the oil price collapse of the second half of 2014."

(John Authers)

Chart of the Day

The long bull market in Treasuries is at risk.