Greetings,
The United States: It’s been a tough year for farmers and their insurers. Total flood and excess moisture-related crop insurance payouts now top $5.3 billion as a result of significant flooding this year.
The United Kingdom: Growth in household’s cash balances (and cash-equivalents) has been rising. Will a faster pace of consumption follow?
The Eurozone: Germany’s factory orders show no signs of a rebound, with the weakness driven by domestic demand (second chart).
Japan: The government is trying to avoid a recession with a healthy dose of stimulus.
China: Banks have less funding available for lending, which could slow credit growth.
Food for Thought: Consumer confidence of Americans under 25 years of age vs. those over 55:
Edited by Devon Lall
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