There are a lot of different things on my radar screen right now. And below is the list of news items I want to touch on in that context.
As I've been saying recently, I'm fairly bullish on the US economy and US market despite shares being overvalued. Economic growth in the US continues to outperform the developed world. And that's been positive for the stock market, which reached another record high today.
I am less positive about the rest of the world than the US. But I don't see any cause for alarm, including in Italy. We are a fairly long way off from recession. And the credit cycle has yet to turn. I've been saying it would turn in 2019. When, after that, a recession happens is anyone's guess.
1 - Almost Junk
Because high yield companies have more precarious balance sheets, they can...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.