China and America’s recoveries are strikingly different: led by consumption in the US with industrial production lagging, the reverse in China. Reinforcing imbalances that @M_C_Klein @michaelxpettis have highlighted.
barrons.com/articles/5-cha… https://t.co/5A4CAt9CFv
By contrast with life insurers, US public pension systems have shifted away from fixed-income securities as interest rates fell. Moodys
June 28, 2022
By contrast with life insurers, US public pension systems have shifted away from fixed-income securities as interest rates fell. Moodys via daily shot newsletter from