Debt Trends
US Consumers Are Not All The Same…
Credit Card Debt Decelerates In August…
China Needs Fiscal, Not Monetary Easing…
Greek Stock Rally Is Long In The Tooth…
Credit Likely Drove July’s US Retail Sales…
Can Rate Cuts Save Housing, And The US Economy…
The great US labor market shortage is over. Labor demand will likely fall short of supply by the end of this year, causing unemployment to soar. Neither fiscal nor monetary policy will be able to prevent the coming recession. Investors should underweight stocks and overweight Treasuries.
Loans To China’s Real Economy Contracts For First Time In Two Decades…
China missed the chance to change course on economic policy and now it faces rising social instability and western protectionism. This policy approach implies it is not afraid of escalating strategic conflicts in East Asia. Investors should continue to underweight Greater Chinese assets. Any US-China détente will come later rather than sooner.
Transitions To Serious Delinquencies Will Cap Credit Card Loan Growth…