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Cory’s Chart Corner
Load MoreMany will focus the blame of market drawdowns on the tariffs and ignore the fact the SP500 (only a few weeks ago) was trading at 4 std devs above its historical mean…valuation also matters.
BREAKING: The European Union is preparing further counter measures against newly announced US tariffs of 20%, per CNBC.
Daily Archives: July 2, 2018
China’s heavily levered property markets headed south
Different side of the world, but very familiar themes here: real estate developers borrowed heavily in greenbacks and now face leaping service costs and defaults as the Yuan weakens against the US dollar. Chinese households have doubled their mortgage debt … Continue reading
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