Greetings,
United States: According to Morgan Stanley, US households have built up substantial ‘excess’ savings.
One trend that allowed many households to save more was the postponement of liabilities: eviction moratoriums, mortgage forbearance programs, and student loan deferment (chart below).
China: Foreigners continue to increase their holdings of China’s domestic assets.
Emerging Markets: Argentines are piling into US dollars at a record pace.
Equities: Here are the trends in equity ownership by wealth bracket.
Credit: High-yield funds are seeing capital inflows again.
Food For Thought: Social Security fund depletion:
Edited by Devon Lall
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