There are good reasons why European stocks are so cheap compared with US stocks
Overregulation, lack of innovation, to name a few Source: Michel A.Arouet, Bloomberg
Good news :)
If you exclude everything you need from the basket, the war against inflation is won...
The Interest Expense on US Public Debt rose to $883 billion over the past year, another record high
If it continues to increase at the current pace it will soon be the largest line item in the Federal budget, surpassing Social Security. Source: Charlie Bilello
Usage of The Fed's emergency funding facility rose to a new record over $109BN...
This week saw the biggest jump in the BTFP since July. Source: Bloomberg, www.zerohedge.com
The bull market in bankruptcies...
Source: TME, TS Lombard
Yes, Hedge funds are short equities
But don't forget the bigger picture: positioning among asset managers and leveraged funds is rather long... Source: TME, JP Morgan
The gap between HYG (US High Yield) and the SPX (S&P 500) is getting wider and wider...
Source: TME
US inflation is cooling, but only slowly
From the perspective of the Fed, the figures are probably not worrying enough to trigger another interest rate hike. However, they are not good enough to sound the all-clear either, CBK says. Source: HolgerZ, Bloomberg
