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The average interest rate on US credit card balances has moved up to 21.8%. With data going back to 1994, that's the highest rate we've ever seen.

00:01 - 10/10/24

Chinese equities have gained 40% over the last 13 trading days, their 3rd biggest 13-day gain ever.

China is no longer a low-cost source of labor, per Bloomberg Macro and OECD

Global net liquidity is exploding

Average Hourly Earnings in the US increased 4% over the last year, well above expectations for a 3.7% increase. The CPI Inflation Rate will likely fall to 2.3% in September, meaning a 1.7% positive spread of wage growth over price increases, the highest we've seen in years