Greetings,
The United States: Rental costs are putting a squeeze on lower-income American households.
China: The stock market continues to give up its recent gains.
The Eurozone: Speculative bets on the euro rose to a record last week despite a higher short-term rate differential with the US.
Credit: Which local governments in the US are struggling with pension contributions?
Emerging Markets: Pakistan’s government suggested that it’s done devaluing the rupee. Perhaps.
Bitcoin: The cryptocurrency is gunning for $20k as it hit another record high over the weekend.
Rates: Foreign holdings of USD-denominated fixed-rate product rose above trend earlier this year.
Food for Thought: Cities with the highest GDP by 2030.
Edited by Joseph N 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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