I'm spending most of the next few days catching up on the massive backlog of reading that has been building up in my inbox. So Over My Shoulder may have a few more posts than normal.

This is from Michael Cembalast of J.P. Morgan, who writes an extremely insightful market letter. If you're a J.P. Morgan client or friends with one, you probably want to make sure you get it.

This one is particularly good in that his analysis of the effect of China on emerging markets is spot on, and he does it in a few pages with some great graphics that let you clearly see the connection between what's  happening in China and what's happening to global growth.