Greetings,
United States: Unemployment applications remain above 2 million per week.
Here is the total number of Americans receiving jobless benefits (about 20% of the labor force).
Eurozone: The ECB’s asset purchases have been slowing.
China: The stock market rally has faded.
China’s currency rebound has stalled as well.
Rates: Inflation expectations continue to climb, even as Treasury yields are holding in place. As a result, real rates keep moving deeper into negative territory.
Global Developments: Here is Goldman’s estimate of the global GDP trajectory and its regional components.
Food For Thought: The impact of US voter turnout on 2020 presidential elections:
Edited by Daniel Moskovits
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