The United States: Relative to other countries, US housing valuations do not appear to be stretched.
The United Kingdom: The nation’s housing market momentum is slowing again.
China: Here is Goldman’s China current activity indicator.
The Eurozone: The ECB downgraded its forecast (slightly) for the GDP growth and inflation. The central bank is expected to conclude its QE program by the end of the year, but “liftoff” is a long way off.
Equity Markets: Primary market CLO AAA spreads have been climbing recently.
Global Developments: This is a heat map of property markets around the world.
Emerging Markets: This chart shows the distribution of EM sovereign ratings.
Food for Thought: The cost of living vs. social security benefits:
Have a great weekend!
Edited by Joseph Cohen
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