Producer Prices rebounded MoM in May with headline Final Demand PPI rising 0.4% (against +0.1% exp) but it left PPI YoY still down 0.8%… Source: Bloomberg Some serious dispersion in the various sector’s price swings… This rebound was driven by a record surge in food prices… Source: Bloomberg Two-thirds of the May increase in the index…

Read More

Global capital markets are not pricing in the growing likelihood that defaults by large corporate borrowers in emerging markets will rise, which will set up another cascade of market events like the downward trajectory we saw in 1997. Video concealedcarryuniversity Despite the massive programs that have been swiftly put in place by central banks and…

Read More