If Q3 turned out better for the Euro Area than expected, Q4 is looking a lot worse. Sharp deterioration in high-frequency data in France and Italy. UK slumping. US moving sideways.
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By contrast with life insurers, US public pension systems have shifted away from fixed-income securities as interest rates fell. Moodys
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