Links 11 August 2014 (members)
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Global Macro / Markets / Investing:
- Why is the yield curve flattening? Pragmatic Capitalism
- Junk-bond exodus accelerates – Wall Street Journal
- How leverage has injected some volatility into the stock market – Sober Look
- Investor sentiment is emerging from a period of excessive bullishness – The Fat Pitch
- Taxes are a big reason why long-term investors win – Washington Post
- Active managers are having a miserable year – The Reformed Broker
North America:
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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
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