Good morning,

 

Just a quick note today, passing along a couple of commentaries from RBC smart people.

 

First, RBC Global Asset Economist on Inflation peaking / Falling recession risk / EM challenges / U.S. midterms / Peak population - MacroMemo - August 23 – September 12, 2022

 

Second, our usual weekly piece:

 

Will China’s recovery recover?
Despite its economic might, China’s vaunted recovery has appeared less certain this summer. Recent weak economic data highlight the continued impact of the government’s strict anti-COVID policies, while housing market turbulence and Taiwan tensions add to the complex picture. We gauge China’s growth momentum, and discuss implications for equity investors.

 

Regional developments: U.S. earnings estimates trending lower; Canadian government bond yields resume their climb; European natural gas prices spike again; Singapore’s core inflation surges to 14-year high.

 

More here: Global Insight Weekly

 

Have a wonderful weekend! A bit of a break from the heat. Go pick some blueberries if you like that sort of thing. They’re out and they’re good!

 

Mark