The Daily Shot Brief – August 14th, 2018



The United States: This chart shows the US housing inventory by owners’ age cohort.

Source: Deutsche Bank Research


China: The central bank has been injecting liquidity using the medium-term lending facility (MLF) as it continues to ease.

Source: Pantheon Macroeconomics


The Eurozone: The 2-year swap rate remains firmly in negative territory, with investors betting on the ECB maintaining its dovish stance.

Source: The Eurozone


Equity Markets: The supply of equities is getting squeezed by softer new issuance (IPOs and secondary offerings) and accelerated share buybacks – which is keeping the market buoyant.

Source: @jessefelder; Read full article


Global DevelopmentsHere is the CPI for select economies.

Source: FTN Financial


Emerging Markets: EM economies which use the US Generalized System Preferences are also vulnerable to US trade policy changes.

Source:, h/t Paul Menestrier; Read full article


Food for Thought: US student loan rates:



Have a great weekend!


Edited by Joseph Cohen

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Thanks to Josh Marte (@joshdigga), Matt Garrett (@MattGarrett3), Joseph Cohen (@josephncohen),, S&P Global, and Moody’s Investors Service for helping with the research for the Daily Shot.

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