20y real estate bubble in China deflated, without any crash / UBS global wealth report / EUstoxx50, DAX new ATH's

China's Real Estate Market has erased all gains from the last 20 years/Chart >>> '''This is brilliant and should be studied by central bankers everywhere! Peoples Bank of China was the first to deflate a massive, leveraged housing bubble without a single quarter of economic contraction or loss of growth momentum in the real economy. A success for the history books''' >> remember how everyone back in 2020-21 talked about a China Lehman moment, here we are, real estate bubble deflated and there was NO crash
Markets : Techs underperforming, DAX new ATH's (most of Europe in fact), crude stays sub $70, PM's recover/well-off lows-base in place-possible turn on the weaker than expected NFP last Thursday, though yields haven't backed off much at all (supply incoming etc), USD stays firm, no JPY turn without interventions!
UBS dollar scandal: Seven subordinates punished alone. Instead of heads rolling at the top, there are only scapegoats: an internal investigation with eleven hours of interrogations. Finma lets the bank continue...
Peruvian and Colombian presidential elections: Expatriate vote helps far right clinch victory
The new UBS Global Wealth Report 2026 is out, The US ranks #2 when you look at average (mean) wealth per adult, but drops to #28 when you look at the median

The US likes to proclaim its extraordinary wealth, yet much of that wealth is concentrated in the hands of a small group of oligarchs.

Their extreme fortunes push up average figures and create the impression that typical Americans are very wealthy.

In reality, median wealth in the US is lower than in Slovenia and Portugal, and roughly half the level found in Italy.