Good morning. Now people start to talk about the overheating German economy…

https://pro.creditwritedowns.com/2017/05/the-threat-of-an-overheated-german-economy.html

Moody’s downgrades the credit rating of China
https://www.ft.com/content/ea1622c0-402a-11e7-82b6-896b95f30f58
http://www.reuters.com/article/us-china-economy-rating-idUSKBN18K04Q

The pension pain that is coming to America, soon…

http://trueeconomics.blogspot.nl/2017/05/22517-us-public-pensions-system.html

The Economist on the Trump plans

http://www.economist.com/blogs/graphicdetail/2017/05/daily-chart-16

Bouncing back

https://www.businessinsider.nl/stock-traders-are-more-resilient-than-ever-2017-5/

A critical assessment of the Q2 GDPNow forecast

http://macroblog.typepad.com/macroblog/2017/05/gdpnows-second-quarter-forecast-is-it-too-high.html

European financial integration, anyone?

http://voxeu.org/article/financial-integration-eurozone-should-not-be-tough-sell

Buying the dip does not work, according to this blog

http://svrn.co/blog/2017/5/14/waiting-for-the-market-to-crash-is-a-terrible-strategy

Some charts on the shricking importance of Wall Street

http://www.businessinsider.com/wall-street-q1-revenues-according-to-coalition-2017-5

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