The United States: Auto loan delinquencies have been grinding higher in recent years (see definition of indirect loans).
The United Kingdom: The nation’s farmers are expected to have their biggest harvest since 2015. There is pressure to sell as much as possible ahead of Brexit.
The Eurozone: Sentix investor sentiment hit a multi-year low. We haven’t seen it at these levels since the Eurozone debt crisis. Are investors too gloomy?
The weakness in Sentix doesn’t bode well for the ZEW expectations index.
China: Local government bond issuance is set to hit a record this year.
Global Developments: Employment has been growing faster than the labor supply. But that gap is narrowing (population growth will constrain job creation). We see signs of this convergence in the US (here).
Food for Thought: The “speed” of languages vs. information transmitted:
Edited by Devon Lall
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