This is the Woody Brock that I so enjoy. This is his latest monthly, which he has kindly given me permission to send to you. He comments on five different aspects of the economy, aiming his keen intellect at every point. A little something for everyone to enjoy:

1. Resolving the State and Municipal Pension Crisis Fairly
2. Interest Rate Worries, the Stock Market, and the Long-Run P/E Trajectory
3. Two Fallacies Behind the “Big Data” Revolution
4. Emergent Dark Truths about China
5. The Disgrace of the Obama Administration’s Economic Policies