Greetings, United States: In some regions/industries, it is more lucrative to keep the expanded unemployment benefits than to return to work. In addition, despite the government checks, many households have been tapping their savings to pay bills. Eurozone: Germany’s yield curve has steepened in recent days as the government readies substantial fiscal …
The Daily Shot Brief – June 1st, 2020
Greetings, China: Sovereign credit default swap spreads are starting to rise again. United States: The U. Michigan consumer sentiment index was downgraded from the earlier estimate, pointing to some deterioration in the second half of May. The expectations index (second chart) was lower in May than in April. Households are increasingly uncertain about …
