Wicksell Spread: There is a greater degree of capital misallocation today than there was on the eve of the great financial crisis and five times more than in 2000.

Euro Jumps >$1.15 on Dollar weakness following dovish Fed remarks. Fed member Bostic says policy could move in either direction: open to rate cut if downside risks all come to bear.

Australia’s house price slide is now the deepest in 35 years: posing a serious threat to the lucky country’s record breaking economic run

The offshore Chinese yuan climbed to the strongest level since August …..impressive and this is the invisible hand in risk rally

Great excerpt from new @Realvision interview with Diego Parrilla