Greetings,
United States: Personal incomes rose sharply in January, boosted by one-time government checks and elevated unemployment payments (2 charts).
The savings rate jumped.
Eurozone: Will the ECB allow yield curve steepening that occurred in the US?
Emerging Markets: Higher soybean prices should help Argentina’s recovery.
Cryptocurrencies: Robinhood now has millions of crypto traders.
Equities: Higher real rates point to declines in the S&P 500 forward P/E ratio (either better earnings or lower stock prices).
Food For Thought: Trust in traditional media:
Edited by Daniel Moskovits
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