Greetings,
The United States: Orders for automobiles declined last month.
US banks have tightened lending standards in autos and credit cards this quarter, which will weigh on consumers’ ability to spend.
Equities: Corporate insiders have been buying financial stocks over the past two weeks.
Credit: Borrowing surged after the SVB collapse.
Small banks have been selling high-yielding jumbo CDs to compensate for deposit losses.
Europe: Goldman sees further credit tightening ahead for Europe.
Asia – Pacific: Singapore’s industrial production is down sharply on a year-over-year basis.
Food for Thought: Here are US and Russian nuclear arsenals over time:
Edited by William Villacis
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