Greetings,
United States: The upcycle in hotel revenue per available room (RevPar) is nearing an end.
The Eurozone: Executives remain gloomy about exports.
China: The charts below compare household balance sheets for China and the US.
– Assets:
– Debt:
– Savings:
Emerging Markets: South Africa dodged the Moody’s downgrade bullet – for now.
The rand rebounded in response.
Equities: This chart shows the percentage of S&P 500 companies guiding EPS higher or lower.
Food for Thought: Changes in the number of US renters, by income group:
Edited by Devon Lall
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