Credit: US companies have issued a record amount of debt, in part to refinance commercial paper (two charts).
Equities: Global equity flows have been declining over the past few years as investors pile into bonds.
China: According to Goldman Sachs, Beijing’s fiscal stimulus has been more forceful than the headline figures suggest.
Eurozone: German customers are gradually returning to retail stores.
Here is the Ifo index breakdown by sector.
United States: Mall owners received just a quarter of expected rent payments.
Food For Thought: Who is doing an “outstanding job”?
Edited by Devon Lall
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