Good morning. The world economy right now

http://ritholtz.com/2017/03/74-trillion-global-economy-one-chart/

Have we passed peak finance

https://www.bis.org/speeches/sp170228.htm

And there goes the next 1000

https://www.bespokepremium.com/think-big-blog/1000-here-a-1000-there/

But stocks have become more expansive during the process (based on backward looking PE/s)

https://www.bespokepremium.com/think-big-blog/sp-500-pe-ratio-crosses-above-22/

The 92 million out of the US labour force (and the reasons why)

http://blogs.wsj.com/economics/2015/10/21/what-we-know-about-the-92-million-americans-who-arent-in-the-labor-force/

“Can Tight Labor Markets Inhibit Investment Growth?”

http://macroblog.typepad.com/macroblog/2017/02/can-tight-labor-markets-inhibit-investment-growth.html

On household debt and income inequality

https://ftalphaville.ft.com/2017/03/01/2185134/americas-household-debt-binge-was-about-income-inequality/

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