Good afternoon,
Just a quick note today to wish you all a very happy Easter weekend with family and loved ones. Maybe a month from now the snow will finally be melted!
I’m also passing along some reading you might like, starting with the Global Insights Monthly – April 2023 edition.
This month’s highlights:
A crisis for a few banks is not a banking crisis
It’s understandable that investors remain scarred by memories of 2008–09 and that any word of bank failures brings fears. But several factors distinguish the current turmoil from the banking system crisis of 2008–09. We discuss the drivers of U.S. policymakers’ current approach to today’s stress, and the risks for investors in U.S. banks.
Full Report: Global Insight
China pursues a balance of economic pragmatism, reforms
The annual gathering of China’s political leadership saw policymakers formalize their economic goals, and introduce new measures aimed at reforming financial institutions and boosting the tech sector.
Global equity: Markets, recessions, and telltale signs
We expect a U.S. recession to arrive later this year, but understanding the timing differences between the economic cycle and the ebbing and flowing of stock prices can be useful to know.
U.S. recession scorecard: A U.S. recession moves ever closer
We think the indicators that have flipped to recessionary status point toward a recession getting underway by late Q2 or early Q3 2023.
Once again, all the very best,
Mark