The Daily Shot Brief – September 7th, 2017

Greetings,   The United States: These scatter plots show the recent breakdown in correlation between economic growth and inflation. That’s why some FOMC members are calling for a pause in rate hikes.   Credit: Global high-yield (HY) corporate bond issuance keeps climbing.   Global Developments: Consumer sentiment and spending continue to diverge across advanced economies. …

The Daily Shot Brief – September 6th, 2017

Greetings,   The United States: The percentage of first-time homebuyers is on the rise. Homebuilders have been putting out more “starter” new homes (in blue and red). But those increases haven’t been sufficient to accommodate the demand from first-time homebuyers.   China:Is the softening credit impulse telling us that China’s economy will weaken in the months to …

The Daily Shot Brief – August 28th, 2017

Greetings,   The United States: The Bloomberg Consumer Comfort Index hit another multi-year high (the highest since 2001). Will this trend translate into higher spending? For now, big-ticket items such as houses and autos don’t seem to reflect this consumer exuberance. For example, inventories of crossover SUVs are piling up at dealers despite a significant …

The Daily Shot Brief – August 23rd, 2017

Greetings,   The United States: The FOMC officials have become less concerned about upside risks to inflation and growth as the fiscal stimulus legislation gets delayed.   Credit: Most Federal Home Loan Banks have seen capitalization improvements over the past year.   Equity Markets: Inflows into the largest international equity ETFs have slowed.   It’s increasingly difficult …