Greetings,
The United States: At the national level, the World Economics SMI index shows robust business activity in April. Business confidence rebounded, and margins have stabilized.
Eurozone: Italian wage growth is slowing.
Equities: Profit margins have been moderating.
China: The dependency ratio vs. savings:
Global Developments: Speculative accounts have been boosting their bets on the US dollar.
But is the dollar overvalued?
Food for Thought: The US religious landscape over time:
Edited by Joseph Cohen
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Thanks to Josh Marte (@joshdigga), Matt Garrett (@MattGarrett3), Joseph Cohen (@josephncohen), Ycharts.com, S&P Global, and Moody’s Investors Service for helping with the research for the Daily Shot.
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