In today’s briefing:
- Breaking Point? The Impending Credit Crunch in America
- CX Daily: Where Are Chinese Consumers Willing to Spend?
- TPW Advisory Friday Musings: Where There’s Smoke There’s Fire
Breaking Point? The Impending Credit Crunch in America
- We anticipate that the US economy is either heading for or already in a credit crunch, which will worsen with an additional rate hike from the Federal Reserve.
- Very tight lending standards suggest that the decline in loan growth will accelerate in the coming months and quarters.
- The upcoming credit crunch will be accompanied by a new default cycle. Yet, high yield bond spreads refuse to reflect even the slightest possibility of this scenario.
CX Daily: Where Are Chinese Consumers Willing to Spend?
- Consumption /In Depth: Where are Chinese consumers willing to spend?
- AI /: China puts drafting AI law on national legislative agenda
- Counterterrorism /: China, Pakistan and Iran hold first trilateral counterterrorism meeting
TPW Advisory Friday Musings: Where There’s Smoke There’s Fire
- Given how apocalyptic the NYC skyline looked Wednesday morning it seemed only fitting to use the title above in my comments on BTV’s The Open show later that morning.
- However, I wasn’t referring solely to the Canadian forest fires burning well north of us and the resulting smoke over NYC which was something I had only witnessed in Delhi or Beijing.
- Thankfully, the smoke has cleared out of NYC joined perhaps by our famed Curtain of FUD (Fear, Uncertainty & Doubt).
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