The Daily Shot Brief – December 19th, 2017

Greetings,

 

The United States: What’s the impact of the US fiscal stimulus on economic growth?

Source: Nomura North America Economics

What effect will this stimulus have on the federal deficit and debt?

Source: Nomura North America Economics

 

China: It appears that China’s households are shifting toward short-term financing (encouraged by their banks). This will not end well.

Source: @BaldingsWorld

 

The Eurozone: Some economists are forecasting a pickup in the euro area inflation.

Source: CIBC, h/t Paul Menestrier

 

Credit: Muni bond issuance spikes ahead of the new tax law.

Source: WSJ.com, h/t Paul Menestrier; Read full article

 

Emerging Markets: Economists expect a stabilization of growth in Argentina.

Source: Scotiabank, h/t Paul Menestrier

 

Bitcoin: A small fintech stock jumped 2,400% after saying it’s a “crypto company”.

Source: @sobata416; Read full article

 

Rates: Foreign private-sector investors are increasing their purchases of Treasuries faster than foreign central banks.

Source: Credit Suisse

 

Global Developments: The global quantitative easing will turn into tightening in early 2019.

Source: BofAML

 


Food for Thought: Countries taking in most refugees.

Source: @conradhackett

Edited by Joseph N Cohen


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