Greetings,
The United States: Rental costs have far exceeded inflation in recent years
The Eurozone: Mario Draghi disappointed the markets by not delivering a more immediate monetary ‘bazooka.’ The euro and bond yields rose in response.
Emerging Markets: Despite some scary headlines (see story), Ukraine’s currency (the hryvnia) continues to rally.
Global Developments: The gap between services and manufacturing sector activity in advanced economies keeps widening.
Food for Thought: Restaurants with hot dogs on the menu:
Edited by Joseph N Cohen
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