Good Morning! Know thy bear market!

http://ritholtz.com/2017/07/annual-returns-intra-year-declines/

Cool chart on volatility in stocks

https://www.businessinsider.nl/stock-market-blackrock-investors-risk-2017-7/

Now, this is interesting: both Suriname and Indonesia score low on activity (based on smartphone data)

http://www.bbc.com/news/health-40570442

Key takeaway: things change

http://www.businessinsider.com/stock-market-phenomenon-interest-rates-inflation-new-record-highs-2017-7

The last possibility in my lifetime to see a European eclipse, apparently. Very cool overview from the washington post.

https://www.washingtonpost.com/graphics/national/eclipse/?utm_term=.839d0bedd192

Should they or not? A lot of calls for Germany to start spending more

https://qz.com/1025947/for-the-sake-of-the-global-economy-germans-need-to-spend-more/

“Completing EMU”

http://voxeu.org/article/completing-emu

The impact of migration

https://www.economist.com/blogs/graphicdetail/2017/07/daily-chart-6

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