The United States: US consumer debt increases are driven by non-housing credit, primarily student and auto loans.
Student debt delinquency rates remain elevated, while problem auto loan balances continue to climb.
Equity Markets: Will the market correction be extended this year? Long-term market history shows much larger yearly drawdowns than what we’ve had recently.
Global Development: Finally, we have the combined unemployment rate of the US, the Eurozone, the UK, and Japan.
The United Kingdom: While another Brexit vote is unlikely, the polls show increasing support for such a referendum.
And here is an updated opinion poll on the matter.
Eurozone: Euro area banks didn’t want to hold low- or negative-yielding government debt. But if yields rise substantially, the situation will change.
Commodities: China controls a great deal of global battery manufacturing.
China: Higher mortgage rates should reduce China’s household debt growth.
Food for Thought: The first map shows US road fatalities as a percentage of the population, and the second one is road fatalities as a fraction of all fatalities.
Edited by Joseph N Cohen
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