Greetings,
Credit: US aggregate lending standards haven’t been this easy since 2005.
Equities: Ivy League endowments continue to boost their US equity exposure.
Cryptocurrency: Our friend Elon returned to pump Bitcoin.
China: Evergrande’s bond price tumbled below 50c on the dollar as Hong Kong banks pull back financing.
Eurozone: Let’s start with ING’s scenario analysis for the ECB and the impact on the euro.
While the Fed actively seeks an overshoot of inflation to make up for its past misses under its new policy framework, the ECB will merely tolerate a moderate overshoot above 2%, according to BlackRock.
Food for Thought: Vaccination status vs. death rates, by state:
Edited by Richard Holmes
Contact the Daily Shot Editor: Editor@DailyShotLetter.com
