Greetings,
United States: The US dollar’s weakness continues to put upward pressure on import prices.
New unemployment applications are holding above one million per week.
Eurozone: Banks continue to underperform.
China: Rising interest rates and bond yields have been supportive of Chinese stocks.
Energy: US gasoline demand is back at the lower end of the 7-year range.
Credit: Fallen angel volumes (investment-grade corporate debt downgraded to junk) are now higher than in 2009.
Food For Thought: Global poverty rate forecasts:
Edited by Daniel Moskovits
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