Good morning. Interesting chart on the underlying ‘exchange rate’ of the various US states…
The savings glut: it is the corporates that have been saving more…
http://voxeu.org/article/global-corporate-saving-glut
All you ever wanted to ask on Mifid II
https://www.esma.europa.eu/sites/default/files/library/esma35-43-349_mifid_ii_qas_on_investor_protection_topics.pdf?dm_i=40DO,6IDY,3126VP,NQOB,1
This is one way to solve the discrepancy between soft and hard data..
https://www.bespokepremium.com/think-big-blog/ism-services-declines-to-lowest-level-since-october/
Hardliners on Brexit
http://www.economist.com/blogs/graphicdetail/2017/04/daily-chart-2
UK housing: the canary down the mine?
https://www.businessinsider.nl/the-british-property-boom-is-over-2017-4/
China’s confusing trade numbers…
http://blogs.cfr.org/setser/2017/04/04/chinas-confusing-trade-and-current-account-numbers/
Sure, nominal GDP estimates have been upped. Because of inflation, that is
https://www.businessinsider.nl/jeff-gundlach-webcast-slides-asset-allocation-april-2017-4/?international=true&r=US
Painful.
http://www.etf.com/sections/etf-industry-perspective/vanguard-evolution-active-management?nopaging=1
More on the productivity puzzle
https://flipchartfairytales.wordpress.com/2017/04/04/productivity-and-bad-bosses/
Interesting chart from the Nigerian country report by the IMF
http://www.imf.org/en/Publications/CR/Issues/2017/04/05/Nigeria-2017-Article-IV-Consultation-Press-Release-Staff-Report-and-Statement-by-the-44792
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