Rising for the first day in four with european stocks rallying and volume 25 below the 30 day average. Falling against the dollar and the euro is down for the first day in six. After rising to a threeyear hide high yesterday. Sovereign bond yields are declining and commodities inflation is coming back. 2018 will see a decade of negative output gaps turn positive, if the imfs growth estimates are right. Gapone says a positive tends to stir inflation as labor costs and good prices rise in response to increased demand, accelerating inflation is likely to halt market rallies once right hikes intensified, expectations fall and Consumer Price gains will initially set off advances. Watch inflation in 2018. This is a wonderful chart highlighting the difference between developed market, stocks, and emergingmarket stocks. As you can see, the outlook for , that isarket stocks the blue line, this goes back to 1996. It narrows the gdp performance of emerging markets relative to developed markets, t
Who flew the hump first, do you know . What outfit . What outfit flew over the hump first . Well, there was a flight of airplanes, jake sarts who was my roommate, arrived in india in 3n of april. And he was 2 and another you man, paul conroy, flew a couple of missions before. Also, jake sarts was the last airplane out of rangoon that i think most of you heard about that theyre loaded on 31 or 71 passengers. And when they arrived in india, there were 72. It wasnt magic. It was a baby. Okay. The first hump flight incidentally was flown by robert old in early april of 1942. And you know what they carried . They carried fuel to china for the doolittle raiders. They ended up not needing it. What air force was he with the 14th or not . Do you know . Well get back with you. Can i ask another question . What was the casualty rate of the pilots that flew the hump . Im sorry. I dont know. I know it was very high. Yes. I do think that i saw a figure of about 600 aircraft and crews went down over
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