Greetings,
United States: Here is the share of income derived from wages vs. government programs.
Eurozone: The ECB came through with a ‘bazooka,’ massively boosting its QE program (as markets expected).
Here is the projection for the central bank’s balance sheet from Pantheon Macroeconomics.
Europe: Switzerland is in deflation.
Despite the ECB’s massive QE increase, the Swiss franc’s rally is fading, which should offset deflationary pressures.
China: Construction is back in growth mode.
Rates: The Treasury curve keeps steepening.
Food For Thought: The latest COVID-19 map:
Edited by Daniel Moskovits
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