Greetings,
The United States: As car manufacturers pull the discounts, auto sales slip.
Department stores have experienced severe deflationary pressures, which haven’t been as much of a problem for non-store retailers.
Credit: This chart shows commercial property delinquency rates by sector in CMBS portfolios. Anchored retail (such as strip malls) now have the highest failure rates.
Equity Markets: Here are some of the equity market bubbles of the past hundred years.
Emerging Markets: South Africa’s unemployment rate is now close to 28%.
The Eurozone: Lending to the corporate sector dipped sharply last month.
Global Developments: This chart shows the minimum wage by country as a percentage of the per-capita GDP. South Korea is boosting its minimum wage by 16%.
Food for Thought: The richest person in each state.
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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