Greetings,
The United States: Household cash exceeds debt for the first time in 30 years.
Economic data has been surprising to the upside in recent weeks, but leading indicators point to slowing economic growth.
Europe: Bund futures are experiencing the worst drawdown on record.
Norway’s trade surplus has gone vertical as energy prices surged.
Equities: The average S&P 500 stock has already experienced a bear market decline of at least 20%.
Russia: Stocks show no signs of a rebound.
Global Developments: The IMF has downgraded its GDP projections.
Food for Thought: Lastly, let’s take a look at the recorded music industry revenues.
Edited by Alexander Bowers
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