Greetings,
The United States: Government spending has been supporting GDP growth in recent years.
Government debt now exceeds household and non-financial corporate liabilities as a percent of GDP.
The Eurozone: Recently, a weaker pace of consumption growth, possibly linked to rising external uncertainty, has lifted Spain’s savings ratio.
China: China’s corporate default rates have been rising.
But defaults remain below the global average.
Equities: Inflows into small and mid-cap ETFs have accelerated, driven by institutional investors and hedge funds.
Credit: According to Bloomberg, US corporate BB – BBB spread is the tightest in history (BB/BBB is the divide between investment grade and high yield).
Food for Thought: College admission rates and earnings after graduation:
Edited by Devon Lall
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