Greetings,
United States: At the national level, the World Economics SMI report shows stabilization in business activity.
Canada: The second wave is here.
Eurozone: Italy’s political situation was stabilized by the referendum to cut the number of parliament seats (see comment below from Bloomberg).
China: China’s corporate borrowing costs have diverged from other economies.
The spike in government deposits with the central bank points to massive debt issuance to fund stimulus programs.
Credit: Bond ETF inflows have been unusually strong in this recovery.
Food For Thought: Types of potatoes:
Edited by Devon Lall
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