Greetings,
The United States: Here is how homeowners have been tapping their home equity (blue = home-equity loans, gray = cash-out refinancing).
Equity Markets: The S&P 500 valuations are back to the early-2016 levels. Are earnings projections way off? Is the market pricing in the end of the economic cycle?
Despite the market jitters, Deutsche Bank sees earnings growth accelerating this year.
Here are the 2016 corporate defaults by sector globally.
Emerging Markets: Foreign investment in China’s stock and bond markets should grow as Beijing liberalizes the nation’s financial markets.
Canada: The nation continues to run a trade deficit in autos.
Japan: Japan’s recent inflation increases have been mostly due to food and energy. But the ‘core’ inflation is finally in positive territory.
Cryptocurrency: Here is the search frequency for “ICO” and “Tide Pods.” Peter Atwater (Financial Insyghts) calls this “peak stupid.”
Food for Thought: What do you plan to do with your Facebook account?
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/
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