I have written about the economic headwinds faced by the Atlas generation before. Now David Rosenberg (free registration required) has highlighted a New York Times op-ed by Norihiro Kato on the emergence of a Generational New Frugality in Japan entitled Japan and the art of shrugging:

Tim Duy emails a follow-up to an earlier post discussing dissent within the Fed at the last FOMC meeting. One part of the WSJ article reporting on the dissent says:

Bond fund inflows continue to hit records this year as investors lunge after yield. And credit spreads are still in the process of tightening – possibly setting investors up for a brutal bear market when interest rates eventually rise.

James Mackintosh of the FT reports, Wolf’s frustration bodes ill for investment flock (HT: Pierre):

Stanley Druckenmiller, one of the masters of the investment world, this week announced his retirement saying that he had become frustrated over the past three years with his inability to make outsize returns.