Greetings,
United States: The real fed funds rate is at extremes no matter which index is used to measure inflation. It points to extraordinary levels of monetary accommodation.
Eurozone: Here are the latest French presidential election polls.
Japan: Defense spending is surging.
China: Despite all the bluster about staying the course on monetary policy, Beijing got spooked by the ramifications of the property sector credit crisis, especially Evergrande.
The PBoC went ahead and eased monetary policy by boosting liquidity in the financial system (cutting RRR).
Equities: Who needs the Fed put when we have the retail dip buyers’ put.
Food for Thought: Personal income coming from government payments:
Edited by Devon Lall
Contact the Daily Shot Editor: Editor@DailyShotLetter.com
