Good morning. Trump reaches the 1237…

http://www.economist.com/blogs/graphicdetail/2016/05/republican-nomination

How much further will it widen?

http://ritholtz.com/2016/05/big-fed-ecb-divergence/

A bit of reading on the investment returns of the biggest pension fund in the world

http://www.economist.com/news/finance-and-economics/21699469-volatile-stockmarkets-spell-pressure-gpif-and-its-new-leadership

Meanwhile, in the US, 2015

http://www.federalreserve.gov/2015-report-economic-well-being-us-households-201605.pdf

Trade and why (if?) it matters

http://voxeu.org/article/why-global-trade-slowdown-may-matter

FT: “US productivity slips for first time in three decades” (via @leonmwc)

http://www.ft.com/intl/cms/s/0/925d8e6c-226f-11e6-9d4d-c11776a5124d.html#axzz49kkDql3p

Sorry, I did not understand this one. I tried for three seconds. “Central Bank Communication Must Overcome the Public’s Limited Attention Span”

https://www.dallasfed.org/assets/documents/research/eclett/2016/el1606.pdf

Keynes was right after all!

http://voxeu.org/article/how-much-we-work-past-present-and-future

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