Greetings,
United States: The US Treasury is pulling the plug on some of the emergency programs it put in place with the Fed (red arrows below).
China: Investors have been selling high-rated state-owned-enterprise (SOE) bonds in provinces where local governments have poor reputations, according to Gavekal.
Cryptocurrency: Bitcoin ownership is becoming more concentrated again.
Equities: After a massive spike, US equity issuance is expected to return to a more normal pace next year.
Credit: Here are the most vulnerable retailers.
Food For Thought: Taxes on groceries, candy, and soda:
Edited by Devon Lall
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