Greetings,
United States: The declines in initial unemployment claims have stalled (the chart below is not seasonally adjusted).
Including the Pandemic Unemployment Assistance (PUA) claims, new filings are holding above two million per week.
China: The increase in local government bond issuance, coupled with fiscal and monetary stimulus, could bolster industrial production.
Energy: US shale firms have burned through a great deal of cash.
Equities: How long does it take for earnings-per-share to get back to peak levels?
Credit: Industrials’ credit quality has deteriorated.
Food For Thought: Views on DACA:
Edited by Daniel Moskovits
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