Good morning. The state of the world. The blacker, the better.

http://uk.businessinsider.com/global-gdp-growth-is-still-sluggish-2015-6

Productivity growth around the world

http://ftalphaville.ft.com/2015/06/02/2130929/stretch-then-relax/

Here’s a chart I haven’t seen in a long time: PE to growth ratio. And it looks omnious…

http://www.bloomberg.com/news/articles/2015-06-01/peter-lynch-secret-to-finding-value-discovers-little-in-s-p-500

Bernanke is blogging again. On monetary policy an inequality this time
http://www.brookings.edu/blogs/ben-bernanke/posts/2015/06/01-monetary-policy-and-inequality?rssid=Ben+Bernanke

And here is some more on that subject…

http://www.brookings.edu/research/papers/2015/06/01-impact-of-fed-on-inequality-during-great-recession-bivens?rssid=LatestFromBrookings#recent_rr/

I admit I haven’t read this one: “When Should Public Debt Be Reduced?”A radical solution for high debt is to do nothing at all…

http://www.imf.org/external/pubs/cat/longres.aspx?sk=42931.0
http://www.reuters.com/article/2015/06/02/us-imf-debt-idUSKBN0OI28U20150602?feedType=RSS&feedName=businessNews&rpc=69

A bit of reading on the success of risk parity

https://www.aqr.com/cliffs-perspective/risk-parity-is-even-better-than-we-thought

Interesting chart on potential wage pressures

http://uk.businessinsider.com/beige-book-wage-pressure-2015-6

Some thoughts by the Fed on macroprudential policy…

http://www.frbsf.org/economic-research/publications/economic-letter/2015/june/macroprudential-policy-in-a-microprudential-world/

Not very earth shattering, but here you go

http://www.economist.com/blogs/graphicdetail/2015/06/daily-chart-1

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