Gary Pollack, head of fixed-income trading at Deutsche Bank's private-wealth-management unit, is surprised at November's pullback in average hourly earnings. ...
Meanwhile, he calls the bond-price gains since the report hit a selling opportunity since the market's narrative has been shifting toward higher yields.Mark Teeter on Facebook:
"To stop paying attention to [Russia's narrative] as many seem to have done is the road to ignorance and mistakes." -- D. Johnson, JRL 01 Dec 2016--> To suppose that "Russia's narrative" consists of reflexively Orwellian updates issued by the state media of the country's current regime, plus various state-supported tributary institutions/organizations and a regular contingent of apparently unaffiliated but agreeably acquiescent individuals with access to laptops and Facebook -- as one media dissemination resource seems to have resolved to do in selecting perhaps 3/4 of its material -- might be called extraordinarily naive, to put the best face on it. A more sober view would be that such an approach is not simply a "road to ignorance and mistakes," but indeed its fast lane.
War and Turpentine By Stefan Hertmans. Translated by David McKay, cited in "The 10 Best Books of 2016,"New York Times (12/2/2016)
Inspired by the notebooks and reminiscences of his grandfather, a painter who served in the Belgian Army in World War I, Hertmans writes with an eloquence reminiscent of W.G. Sebald as he explores the places where narrative authority, invention and speculation flow together.