What a confusing day for economic news in the U.S. and globally. Unemployment and housing starts point in different directions in the U.S. Short-term indicators in China and IMF forecasts disagree
The amount of air in the Chinese credit/debt bubble that will need to be let out eventually is truly scary according to new estimates. China’s total debt load—that’s debt at all levels and not just national government debt–hit 251% of GDP at the end of June
Is it risk off time in the bond market? Looks like it so far in July as bond buyers are showing nervousness about junk bonds and debt from emerging market countries.