The Daily Shot Brief – September 18th, 2017

Greetings,

 

The United States: Hurricane Harvey’s impact on US growth is showing up in the economic data. There is some debate, however, whether Harvey explains all of the weak data reported on Friday. Here is the monthly change in industrial production.

 

The direct damage is now in the range of $60 – $100bn but the secondary effects will be felt for some time.

Source: Goldman Sachs, @joshdigga

 

Credit: Here is the cumulative growth in credit by sector during the past five years.

Source: FTN Financial

 

Equity Markets: Investors are shorting Amazon’s competitors.

Source: @axios; Read full article

 

United Kingdom: Since the EU Referendum vote, political shocks had the most impact on rates and the pound.

Source: Goldman Sachs, @joshdigga
Source: Goldman Sachs, @joshdigga

 

The Eurozone: Germany’s far-right party is gaining in the polls (blue).

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

 


Food for Thought: Name the three branches of the US government.

Source: @johngramlich, @AnnenbergPenn; 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.

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