Greetings,
United States: Analysts are starting to have doubts about a CARES 2 stimulus package this year. Here are the aggregate probabilities from superforecasters.
The concern is that cutting off the stimulus checks could reverse the recent economic gains. At this point, the recovery is already slowing, making it vulnerable to a shock.
Europe: Switzerland’s central bank (SNB) continues to intervene in the currency markets (mostly buying euros).
Also, the full recovery in European flights is a long way off.
Emerging Markets: Which Asian economies rely most on tourism?
Commodities: Russia’s output has been well above the OPEC limit.
Rates: Although money market funds have seen record inflows this year, flows have moderated in favor of bonds.
Food For Thought: Median household income by education:
Edited by Devon Lall
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