Greetings,
United States: The housing shortage in the US is getting worse.
The United Kingdom: Government spending is expected to increase, no matter who wins the elections.
Europe: Yield curves across Europe continue to steepen. Here is the Bund curve vs. a month ago.
Asia-Pacific: Foreigners increasingly control Japanese stock trading.
China: The renminbi crossed the psychologically-import level of RMB 7.0 to the dollar.
Also, smaller banks face rising nonperforming loan balances.
Credit: The decline in the US 10-year yield triggered significant inflows into high yield ETFs this year.
Also, non-conforming loan MBS issuance is picking up momentum.
Food for Thought: Gaming revenues:
Edited by Devon Lall
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