Good morning. The S&P500 is down 8.5% from its high, the average stock -14.5%

https://www.bespokepremium.com/think-big-blog/sp-500-stock-declines-from-52-week-highs/

The infrastructure gap!

http://www.imf.org/en/News/Articles/2018/02/01/na020818-public-infrastructure-in-the-western-balkans-a-highway-to-higher-income

The new Grand Coalition

https://www.economist.com/blogs/graphicdetail/2018/02/daily-chart-4

Woops….

https://www.bloomberg.com/view/articles/2018-02-08/apple-s-middle-age-and-blockbuster-s-final-days

Chinese banking in international perspective

https://voxeu.org/article/chinese-banking-system

Correlation, causation, noise?

http://www.businessinsider.com/access-to-healthcare-education-directly-tied-to-longevity-imf-says-2018-2

For the nerdies: all about the short VIX

http://kiddynamitesworld.com/xiv-volpocalypse-sea-disinformation-ignorance/

Speeding up, the Olympic version

http://www.wsj.com/graphics/2018-winter-olympics-art-of-the-millisecond/

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