The Daily Shot Brief – September 29th, 2017

Greetings,   The United States: Here is a chart comparing consumer confidence (expectations) and real consumer spending.   Credit: Are the loose structural characteristics of the leveraged loan market here to stay?   The United Kingdom: Here is a dashboard of what happened to the economy since the vote and more recently.   Emerging Markets: …

The Daily Shot Brief – September 28th, 2017

Greetings, The United States: This table provides a comparison of the latest GOP tax proposal with the earlier versions. The Atlanta Fed GDPNow model still predicts just over 2% (annualized) GDP growth for the third quarter.   Credit: Cat bond issuance approaches record levels.   Global Developments: No major economy is expected to be in contraction next …

The Daily Shot Brief – September 25th, 2017

Greetings, The United States: Hurricanes Harvey and Irma trimmed US economic activity in September, slowing manufacturing output. However, the nation’s economy remains resilient. Here is a comment from IHS Markit.   Credit: The Toys R Us filing has catapulted this year’s DIP financing to the highest level since 2009.   China: Goldman expects to see inflows in …

The Daily Shot Brief – September 22th, 2017

Greetings, The United States: “hard data” has been disappointing lately. This weakness, according to many economists, was to a large extent driven by Hurricane Harvey. Will the dollar continue to weaken, boosting US export competitiveness? Historical trends tell us that it’s a real possibility. And hedge funds are betting on it (second chart below). The …

The Daily Shot Brief – September 20th, 2017

Greetings,   The United States: As expected, US import prices have increased.   Credit: Here is how Toys R Us compares with other retail bankruptcy filings.   Equity Markets: This chart puts some market capitalization figures into perspective.   Emerging Markets: The increasing percentage of tech stocks in emerging markets has been fueling the recent rally.   …