The Daily Shot Brief – August 6th, 2019

Greetings,   The United States: The employment cost index vs. the prime-age non-employment rate (a variation of the Phillips Curve):   The Eurozone: Investor sentiment continues to deteriorate.   China: The widening spread between Chinese and US bond yields should provide some support for the renminbi.   Credit: Investors can’t get enough of muni funds. Food …

The Daily Shot Brief – July 31st, 2019

Greetings,   The United States: Economists remain concerned about a slowdown in business investment.   The Eurozone: Germany’s consumer inflation hit the lowest level since 2017.   China: The July official manufacturing PMI ticked higher but remained below 50.   Global Developments: This chart shows each central bank’s target rate in terms of the number of …

The Daily Shot Brief – July 30th, 2019

Greetings,   The United States:  Online searches related to industrial activity have been improving.   The Eurozone: German recession risks are not insignificant.   China: Here is Hong Kong’s opinion poll on the extradition bill.   Global Developments: Speculative accounts are now net short the dollar in the futures market.   Food for Thought: British views …

The Daily Shot Brief – July 26th, 2019

Greetings,   The United States: This chart shows the divergence between labor productivity and employment over the past couple of decades. The gap is probably due to the technological advancements since the late 1990s.   The United Kingdom: Borrowing by households continues to moderate.   China: China’s services sector is offsetting the weakness in manufacturing. …

The Daily Shot Brief – July 26th, 2019

Greetings,   The United States: Rental costs have far exceeded inflation in recent years The Eurozone: Mario Draghi disappointed the markets by not delivering a more immediate monetary ‘bazooka.’ The euro and bond yields rose in response.   Emerging Markets: Despite some scary headlines (see story), Ukraine’s currency (the hryvnia) continues to rally.   Global …