Greetings,
The United States: The Federal government will be limited in its ability to stimulate the economy in the next recession because the fiscal policy is already extraordinarily loose. Given the current economic expansion, the level of government stimulus is unprecedented.
Eurozone: Will slower economic growth put pressure on bank lending?
China: Here is how Beijing wins against Vietnam, as US importers try to shift supply chains out of China.
Global Developments: This chart shows the changes in speculative bets.
Food for Thought: The most admired people in the UK:
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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