The United States: Do rising wages boost inflation? The link is now much weaker than in the past.
Global Developments: When markets’ long-term expectations of rates meet the Fed’s long-term policy rate projections, stock market volatility ensues.
China: Inflows into China’s domestic bond markets have slowed sharply.
The Eurozone: Here are the relative changes in the GDP per capita for France, Italy, and Germany.
Equities: Despite the volatility, ETF investors pumped quite a bit of capital into the S&P 500 on Wednesday.
Credit: Loan recoveries are expected to be much worse in the next downturn.
Emerging Markets: Argentina’s consumer sentiment has deteriorated.
Food for Thought: The views on DACA (based on more detailed demographics):
Edited by Joseph Cohen
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