Greetings,
The United States: Housing affordability has been deteriorating, especially in western US states.
The Eurozone: Despite the weakness in Germany’s factory output, manufacturing employment kept expanding (even in the automotive sector).
Equities: Tech margins are nearly 3x the median S&P 500 sector.
China: China’s credit impulse is starting to pick up.
Global Developments: Will the slump in industrial production end later this year?
Food for Thought: The relative population size of each country:
Edited by Joseph Cohen
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Thanks to Josh Marte (@joshdigga), Matt Garrett (@MattGarrett3), Joseph Cohen (@josephncohen), Ycharts.com, S&P Global, and Moody’s Investors Service for helping with the research for the Daily Shot.
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