The United States: Surveys show US economic confidence bouncing over the Thanksgiving weekend.
The United Kingdom: Here is a GDP forecast out to 2020. Both consumption and investment are expected to be softer next year.\
Rates: Treasury issuance will increase meaningfully next year, with the biggest pop in the “belly” of the curve.
Equity Markets: Equity ETF inflows into large-caps have picked up again last week.
Bitcoin: Bitcoin blasted past $11,000, and then turned around and sold off 20% from the high.
Emerging Markets: Brazil’s central bank has shifted to a different regime in terms of consumer credit. It is unlikely to reverse course aggressively if credit improves.
China: China’s trade partners’ economic activity keeps improving (white line), suggesting that export orders should remain robust.
Food for Thought: Some consequences of the GOP tax bill.
Edited by Joseph N Cohen
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