Yields on top-rated German companies like Allianz now negative out to 4yrs. No top-rated borrower will pay a bank positive interest rate on loan when it can borrow the cash it needs from capital markets and get paid for taking money. (Holger via HFE)
Global trade growth has taken a sharp downward turn https://www.bloomberg.com/news/articles/2019-03-25/global-trade-takes-sharp-turn-down-with-biggest-drop-since-2009 …
Canada has the biggest household debt load to GDP among the Group of Seven economies. https://www.bloomberg.com/news/articles/2019-03-26/canadians-are-feeling-the-debt-burn …
Bid-to-Cover On Treasuries Is Falling… Despite U-turn in monetary policy relatively strong dollar and falling bond yields. … And some still believe governments can issue all the debt they want without risk. Daniel Lacalle
