Greetings,
United States: Survey data, such as the ISM index above, point to improvements in business investment.
China: Increased defaults will lead to tighter liquidity for non-bank financial institutions, according to TS Lombard.
Emerging Markets: Mexico’s private credit continues to worsen.
Commodities: Miners are adding new projects as iron ore prices rise.
Energy: The US energy sector’s default risk is much higher than in the UK and EU.
Food For Thought: US car loan originations by age:
Edited by Devon Lall
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