Greetings,
United States: Spending by low-income consumers is back to pre-crisis levels.
Eurozone: Will the recent spike in liquidity boost European shares?
The European Commission is now estimating the 2020 GDP contraction at 8.7%.
China: Here is Goldman’s forecast for China’s stock market.
Credit: Many properties backing commercial mortgage-backed securities (CMBS) loans have faced deteriorating fundamentals over the past quarter. The chart below shows an assessment by Moody’s (red-yellow-green is associated with high- to low-risk scores).
Global Developments: Are concerns about inflation overblown?
Food For Thought: Electric cars:
Edited by Daniel Moskovits
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