The United States: What’s the impact of the US fiscal stimulus on economic growth?
What effect will this stimulus have on the federal deficit and debt?
China: It appears that China’s households are shifting toward short-term financing (encouraged by their banks). This will not end well.
The Eurozone: Some economists are forecasting a pickup in the euro area inflation.
Credit: Muni bond issuance spikes ahead of the new tax law.
Emerging Markets: Economists expect a stabilization of growth in Argentina.
Bitcoin: A small fintech stock jumped 2,400% after saying it’s a “crypto company”.
Rates: Foreign private-sector investors are increasing their purchases of Treasuries faster than foreign central banks.
Global Developments: The global quantitative easing will turn into tightening in early 2019.
Food for Thought: Countries taking in most refugees.
Edited by Joseph N Cohen
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