Good morning. This is secular stagnation on steroids, apparently

https://voxeu.org/article/suprasecular-stagnation

The convergence report by the ECB. In case we still think of expanding, that is…

https://www.ecb.europa.eu//pub/convergence/html/ecb.cr201805.en.html#toc12

Retail bankruptcy timeline of the US

https://ftalphaville.ft.com/2018/05/21/1526877000000/Retail-is-not-dead/

A bit of a critical note on factors in investing

https://review.chicagobooth.edu/finance/2018/article/300-secrets-high-stock-returns

I get the feeling this is pretty old, but still great. An animation on immigration

http://www.visualcapitalist.com/two-centuries-of-immigration/

Some words from the IMF on Russia

http://www.imf.org/en/News/Articles/2018/05/23/mcs052318-russian-federation-staff-concluding-statement-of-the-2018-article-iv

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