Good morning. Spot the difference (and no, it is not gender)…

https://twitter.com/Timothy_Hughes/status/851708105905889281

And while we are comparing: a very nice overview on how the introduction of the automobile was reported on

http://www.collaborativefund.com/uploads/Collaborative%20Fund%20–%20What%20We%20Said%20When%20the%20World%20Changed.pdf

A bit of reading on whether Greece needs more help

https://piie.com/system/files/documents/wp17-6.pdf

German elections in perspective (via @leonmwc)

https://twitter.com/gloomyeuropean/status/851758582865330176

Potentially interesting on the Fed’s coming balance sheet reduction

http://www.moneyandbanking.com/commentary/2017/4/10/the-feds-balance-sheet-and-the-stance-of-monetary-policy

Some McKinsey talk about emerging markets

http://www.mckinsey.com/industries/financial-services/our-insights/deepening-capital-markets-in-emerging-economies

“Financial Crises and the Desirability of Macroprudential Policy”

http://libertystreeteconomics.newyorkfed.org/2017/04/financial-crises-and-the-desirability-of-macroprudential-policy.html

A bit of bubble information with some irritating background music to match

http://www.macleans.ca/economy/realestateeconomy/a-day-of-insanity-that-typifies-torontos-housing-market/

The BIS on the importance of central banks in FX markets.

http://www.bis.org/publ/work626.pdf

US equities no more!

https://www.bloomberg.com/news/articles/2017-04-09/yale-endowment-blasts-low-fee-crusaders-says-returns-would-sag

Executions in the world

http://www.economist.com/blogs/graphicdetail/2017/04/death-penalty

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