Greetings,
The United States: Corporate confidence continues to deteriorate.
The Eurozone: The sharp drop-off in demand from the UK is a headwind for the Eurozone’s economy.
China: Spreads have widened for lower-rated bank certificates of deposit.
Emerging Markets: Mexico’s trade balance surprised to the upside, with the non-oil component rising sharply (record high).
Food for Thought: The bulk of loan growth over the next couple of decades will come from millennials.
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Edited by Joseph N Cohen
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