Banks, Sweden & Digital Currencies

Check out the accompanying pdf and chart collection. (1) A year financials want to forget. (2) Watching loan losses in commercial real estate, credit cards, and autos. (3) Next week’s earnings reports will reveal whether banks have to set aside more reserves than the market already expects. (4) Banks’ forward earnings have risen, but questions about 2021 linger. (5) How Sweden managed through the first Covid wave with restaurants open and no masks. (6) Recently, Sweden has become more restrictive in the wake of a second wave, while the rest of Europe has become less so, avoiding the blanket shutdowns it had before. (7) Central banks develop digital currencies, with Chinese in the lead.