Moving to more recent matters and an interesting chart on the downdraft in non-resident emerging market flows. Still unusual to see outflows, first for 6 months plus in Africa/Middle East and Emerging Europe. Geopolitics impact? My observation would be that stock picking opportunities, especially in those regions, are building.
Talking about Eastern Europe, I thought this was a good London property insight (again from today's Financial Times):
There are still plenty of rich people in Europe...and this chart aims to identify them (with useful, if relevant, corporate logos...)
Finally turning to the US, I am still pacing through the new CBO report (link here) which is always worth a read. Certainly the front page indicates the essential US problem...