Greetings,
United States: The moratorium on student debt payments ends in October. Many borrowers have stopped paying and are hoping for debt forgiveness. Absent such a policy change, we are likely to see delinquencies climbing back to pre-COVID highs and perhaps even higher.

China: Evergrande, China’s most indebted property developer, is trying to calm nervous investors.


Emerging Markets: Peruvian assets tumbled as Pedro Castillo (the leftist candidate) pulls ahead.

Stock market:

Commodities: Flows into broad commodity funds are surging.

Energy: Some options traders are betting on $100/bbl oil.

Food for Thought: Business investment over time:

Edited by Richard Holmes
Contact the Daily Shot Editor: Editor@DailyShotLetter.com