The Daily Shot Brief – February 12th, 2018

Greetings,

 

 

The United States: According to Moody’s, “the US already stands out as one of the most highly leveraged governments.” Moreover, leverage and the interest burden are both expected to spike over the next decade (second chart below). The only thing that keeps the rating agencies from downgrading US federal debt (for now) is the strength, the diversification, and the flexibility of the US economy

Source: Moody’s Investors Service
Source: Moody’s Investors Service

 

Equity Markets: Stock investors remain concerned about the US economy overheating, pushing inflation and rates higher. That’s why the correlation between economic activity and the stock market has broken down.

Source: BofAML

 

Rates: Oil prices are starting to pull inflation expectations lower.

Source: Bloomberg

 

The United Kingdom: The trade balance in goods continues to deteriorate.

Source: The Daily Shot

 

Energy Markets: US natural gas futures have tanked again on warmer weather expectations.

Source: National Weather Service

 

Cryptocurrencies: Below is an infographic on relative financial transaction speeds.

Source: @howmuch_net ; Read full article

 


Food for Thought: Boys and girls’ science career expectations.

Source: @OECDEduSkills; Read full article

 

Edited by Joseph N 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.

We would also like to thank the Federal Reserve Bank of St. Louis for the incredible job they have done providing data and graphics to the public. Here is the credit and legal notice related to all FRED charts: FRED® Graphs ©Federal Reserve Bank of St. Louis. All rights reserved. All FRED® Graphs appear courtesy of Federal Reserve Bank of St. Louis. http://research.stlouisfed.org/fred2/


Contact the Daily Shot Editor: Editor@DailyShotLetter.com

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