Credit: Here is the total US corporate debt as a percentage of the GDP.
Rates: Treasury yields keep climbing on tax reform hopes and stronger US data.
Alternatives: Under pressure to boost returns, US public pensions continue to allocate to hedge funds.
The United States: US initial jobless claims were lower than expected but remain elevated as a result of Irma and Harvey.
By the way, here is the leading economic index for Texas.
China: Local government debt maturity wall could pose some risks.
Global Developments: Here is an illustration of what many consider to be “market bubbles.”
Food for Thought:The rapidly growing political divide in the US:
• Social interactions between Republicans and Democrats are limited. It’s the equivalent of two separate nations in one.
• The ideological divide has widened dramatically.
Edited by Paul Menestrier
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