Greetings,
The United States: The current housing market reflects a similar demand/supply imbalance as the 1970s.
Consumer credit remains elevated, but that debt buys a lot less these days.
Europe: Norway’s current account surplus exploded this year as energy prices and deliveries surged.
Commodities: Mining stocks have about three times the market volatility of spot gold due to their operating leverage, according to PGM Global.
Energy: US-Europe tanker rates have been surging.
US oil inventories, when including the Strategic Petroleum Reserve, hit a 36-year low last week.
Asia – Pacific: Taiwan’s exports deteriorated last month.
Food for Thought: Lastly, here’s a look at homeownership among Americans aged 25-34:
Edited by William Villacis
Contact the Daily Shot Editor: Brief@DailyShotResearch.com
