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United States
Only about 20% of US states are growing faster than the national average, among the lowest shares since 1979.
United Kingdom
Household credit demand fell sharply in the third quarter.
Euro Area
The median French pensioner has a higher income than the median working-age adult.
Asia-Pacific
Asian markets now account for six of the top 10 equity markets by market capitalization.
China
Daily transaction volumes on China’s Cross-Border Interbank Payment System (CIPS) reached a record high in August, suggesting a modest but sustained boost to Beijing’s efforts to develop parallel financial infrastructure.
Equities
Of the six previous bull markets that lasted at least four years, five gained further ground in their fifth year, with an average fifth-year return of 12%.
Rates
The five-year, five-year forward real Treasury yield is roughly 70 basis points above estimated US potential growth, suggesting that long-term real rates may have overshot equilibrium, according to Alpine Macro.
Food for Thought
These combinations of universities and majors can lead to salaries of $200,000 or more four years after graduation.
