The United States: US manufacturing growth continues to outperform China and the Eurozone. Is this divergence sustainable?
China: Economic activity indicators point to deterioration that is not fully visible in the official figures.
• Goldman’s indicator:
• Barclays’ indicator:
The Eurozone: Robust wage growth should boost the services CPI.
Equities: Here is the ratio of market cap to total assets by sector.
Credit: This chart compares the average size of adjustable-rate mortgages (ARMs) with traditional fixed-rate loans.
Global Developments: Even if the Fed cuts back the pace of its balance sheet reduction, global liquidity will remain relatively tight.
Food for Thought: Obesity rates by country:
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