The Daily Shot Brief – November 21st, 2017

Greetings,   The United States: Over the past year, labor force participation has declined in more “red” than “blue” states. There are multiple explanations for this, including (in some instances) an older population, fewer opportunities (especially in rural areas), and opioids.   A similar picture emerges for the employment-to-population ratio. Here is Tennessee, for example. …

The Daily Shot Brief – November 17th, 2017

Greetings,   The United States: Small businesses increasingly see their local economic conditions as being better than the national situation.   Unrelated:  The probability of two Fed rate hikes between now and the end of the first quarter rose above 50%.   China: China’s outbound investment dipped, as Beijing clamps down on large foreign acquisitions.   …

The Daily Shot Brief – November 14th, 2017

Greetings,   The United States: Here is the breakdown of the US labor-force participation rate decline since 2008. The “change due to behavior” includes trends such as higher college enrollment rates, etc.   China: Growth in fixed-asset investment is also slowing. Here is the split between private and public activity (public fixed investment is the …

The Daily Shot Brief – November 13th, 2017

Greetings,   The United States: This chart shows the homeownership and vacancy rates by region. Rental vacancies in the western part of the US are still declining.   Credit: European sub-investment-grade debt yields rose sharply from record lows.   Japan: Foreigners have been buying Japanese stocks.   Equity Markets: The debt ceiling is coming up again …