Canada: The BoC has funded nearly the entire budget deficit.
Europe: About a third of European bank credit is exposed to potential losses as a result of climate change.
China: Credit spreads have tightened.
Equities: Stocks most correlated with Treasuries (those that expect substantial earnings growth far in the future) trade at record premiums to the rest of the market.
Global Developments: Are the bets against the US dollar becoming stretched?
Food for Thought: The labor force participation gap by country:
Edited by Richard Holmes
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