China: China has further room to lower rates in order to stimulate mortgage lending.
Europe: European savings rates climbed around the time the 10-year Bund yield went negative (not what central banks wanted to see).
The United States: Consumer expectations remain bifurcated by political affiliation.
Also, housing tends to have a broad impact on the economy.
Emerging Markets: The sharp discontinuity at zero in EM corporate profitability distributions points to earnings “padding” (to avoid reporting losses).
Global Developments: Financial conditions have been easing in response to the accommodation from central banks.
Food for Thought: Changes in fast-food restaurant traffic:
Edited by Devon Lall
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