Greetings,
China: Debt of leveraged property companies remains under pressure. However, analysts doubt that the property debt crunch is China’s “Lehman moment.”
Emerging Markets: Hedge funds have been buying EM currencies in recent weeks.
Equities: Other US domestic issues also pose risks, including tech regulation and a potential surprise from the Fed (perhaps due to more persistent inflation). For example, corporate and capital gains tax hikes:
United States: Consumers’ views on buying conditions for homes continue to deteriorate, according to the latest U. Michigan survey.
Eurozone: Consumption in the Eurozone tends to follow household net worth, implying further upside.
Food for Thought: All the dice in the figure below are perfect squares.
Edited by Devon Lall
Contact the Daily Shot Editor: Editor@DailyShotLetter.com
