Are US consumers overextended?
- Delinquencies in credit card debt, car loans have risen in recent years
- Student loan, mortgage repayments have been relatively stable
- High US debt levels no threat to continued economic growth
- Decade-long expansion likely to continue at around 2% per annum
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What global yield curves signal about 2020 growth
- Yield curves point to growth accelerating in China, India, Brazil in 2020
- These countries have been cutting interest rates or boosting liquidity
- Yield curves signal economic slowdowns in US, eurozone and Japan
- Did quantitative easing distort the yield curves in US, Europe and Japan?
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