The Daily Shot Brief – September 18th, 2019

Greetings,   The United States: For now, the percentage of industrial sectors that are in contraction remains below recessionary levels.   Eurozone: Germany’s manufacturing slump has been an outlier.   China: The yuan’s share of the global currency market remains modest.   Global Developments: This chart shows the time lag between recession indicators and recessions. …

The Daily Shot Brief – September 16th, 2019

Greetings,   The United States: Working capital at US farms has been shrinking in recent years.   Eurozone: This map illustrates the ECB governors’ opposition to QE.   China: Airfreight activity points to persistent weakness in manufacturing.   Global Developments: Foreign direct investment has stalled in recent years. Food for Thought: Values considered important (by …

The Daily Shot Brief – September 13th, 2019

Greetings,   The United States: US consumers are becoming concerned about the availability of credit.   Eurozone: Is the French manufacturing sector outperformance over?   China: Goldman’s employment growth tracker showed modest improvement recently.   Global Developments: The probability of a quarter with negative GDP growth is much higher these days than a couple of …

The Daily Shot Brief – September 12th, 2019

Greetings,   The United States: The gap between weekly working hours in cyclical and non-cyclical industries has widened since the trade war escalation.   Eurozone: Can the EU budget rules be amended to allow for more aggressive fiscal easing? According to Goldman Sachs, there is room for a more pragmatic interpretation of the existing regulations that …

The Daily Shot Brief – September 11th, 2019

Greetings,   The United States: Higher prices on durable goods (driven in part by tariffs) are weighing on buying conditions.   Eurozone: The ECB has been successful in lowering corporate borrowing costs.   China: Producer prices on consumer durables are declining, which is putting pressure on corporate profits.   Global Developments: Newsflow indicators look recessionary. Has the …

The Daily Shot Brief – September 9th, 2019

Greetings,   The United States: The trends in prime-age vs. total labor force participation continue to diverge.   Eurozone: Economists expect the ECB to lower its inflation forecasts. Here is an estimate from Pictet Wealth Management.   China: China eased its monetary policy by cutting the reserve requirement ratio (RRR) and freeing up additional bank …

The Daily Shot Brief – September 5th, 2019

Greetings,   The United States: Analysts are concerned about weak business investment. Here is Morgan Stanley’s CapEx plans index.   Eurozone: Services should be accretive to the GDP growth over the next couple of quarters.   China: Here are China’s total external liabilities.   Food for Thought: International tourist arrivals:   Edited by Joseph N …