The Daily Shot Brief – October 9th, 2019

Greetings,   The United States: Lower interest rates have been helpful for consumption. Interest-sensitive durable goods (products that do not wear out in a short time like food) are having a larger contribution to US consumer spending.   The United Kingdom: The UK’s productivity has been lagging.   The Eurozone: Germany’s industrial production appears to …

The Daily Shot Brief – October 7th, 2019

Greetings,   The United States: Construction industry labor conditions have been much tighter compared to previous cycles. Labor shortages have been contributing to slower growth for housing starts.   Eurozone: Economists continue to warn about German manufacturing job cuts ahead.   Asian Pacific: Japan’s government pension investment fund (GPIF) continues to increase its holdings of …

The Daily Shot Brief – October 4th, 2019

Greetings,   The United States: The US and global economic growth rates are highly correlated.   United Kingdom: Here is a visual comparison of Boris Johnson’s vs. Theresa May’s Brexit plans.   Emerging Markets: Brazil’s service sector continues to expand.   Commodities: Steel scrap prices keep sinking as China stops imports.   Global Developments: Across …

The Daily Shot Brief – October 2nd, 2019

Greetings,   The United States: Let’s begin with the September ISM manufacturing PMI report, which was below economists’ forecasts. US factory activity is rapidly shrinking (PMI below 50).   Eurozone: The Eurozone’s financial conditions have been easing. Does this trend signal a bottom in factory activity?   Europe: Switzerland’s economy appears to be in recession. …