• Half-empty policy toolbox is alarming ahead of the next downturn
• Peso sinks to new low (Philippines)
• South African portfolio inflows plummet in second quarter
• Russia Extends Debt-Sale Absence to Longest Since 2014 Crisis
• Report: ‘True cost of government’ has state $11.6 billion in the red (Florida)
• Despite national economic recovery, Illinois’ debt per taxpayer worse than during Great Recession
• Default Shock in India Sees Firms Pulling Most Bonds in Decade
• Corporate America, not banks, could cause the next recession
• U.S. credit scores hit new high while household debt skyrockets
• Argentina peso tumbles as central bank chief resigns

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