Greetings,
The United States: 15% of new homes sold have been over $750k.
China: Industrial profits are following last year’s trajectory.
Also, here is a breakdown of China’s stimulus plans.
Emerging Markets: Colombia’s stocks, bonds, and currency took a hit last week after the election.
In addition, Russia is officially in default on external debt.
Commodities: Cotton plummetted last week. The price drop points to weaker demand, while increased plantings and better weather could increase production.
Global Developments: Inflation has decoupled from commodities as service prices surge.
Food for Thought: Lastly, let’s take a look at how Americans define the term “wealthy”.
Edited by Alexander Bowers
Contact the Daily Shot Editor: Brief@DailyShotResearch.com
