The United States: At first glance, US household balance sheets appear to be stronger than those in Canada (household credit as a percentage of the GDP). However, when unincorporated business loans are taken into account, the situation changes. Many Americans are indebted via their sole proprietorships, etc. (effectively personal loans for business purposes).
China: Corporate bond spreads for weaker names are on the rise amid elevated default risks.
Global Developments: Here is the Credit Suisse Global Risk Appetite Index.
Equity Markets: Below are the components of the S&P 500 year-over-year earnings per share growth.
Emerging Markets: Argentina is expected to be in a recession this year as consumer confidence tumbles.
Food for Thought: Views on Roe v. Wade:
Edited by Joseph Cohen
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