Greetings,
The United States: Here is the overall Beige Book sentiment index.

The Eurozone: Greece, Cyprus, and Portugal are undergoing some of the steepest public debt reductions in modern European history, outpacing even Ireland’s notable post-crisis deleveraging. With inflation relatively modest, the scale and speed of these adjustments reflect genuine fiscal consolidation rather than nominal growth effects.

Asia-Pacific: South Korea’s GDP unexpectedly contracted in the first quarter, dragged lower by weak construction spending.


Commodities: Silver maintained its long-term breakout.

Energy: NYMEX crude held resistance at $65/bbl.

Equities: Fund inflows have been robust year-to-date.

Food for Thought: The most popular AI tools by monthly site visits:

Edited by Abraham Lent
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