Greetings,
United States: Large US bankruptcy filings spiked in recent weeks (J.C. Penney, J. Crew, Stage Stores, Neiman Marcus, Hertz, Tuesday Morning, Le Pain Quotidien, etc.)
Europe: US banks have been gaining market share across Europe.
Energy: US crude oil production continues to decline.
Yet, US oil inventories hit a multi-year high.
Credit: Credit risk-transfer mortgage securities (see overview) are off the lows but remain depressed.
Global Developments: Will global inflation rebound in response to massive liquidity injections from central banks and governments?
Food For Thought: How will small business owners promote their business after reopening?
Edited by Devon Lall
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