Greetings,
The United States: It’s important to keep in mind that consumer confidence measures in the US tend to be politically biased. The average trends, however, still tend to be very useful for economists.
China: The nation’s housing supply has been tightening, boosting residential construction activity (which, in addition to anti-pollution regulation, raised steel prices).
The Eurozone: The Eurozone’s economy is about to close its output gap. Should we expect a spike in inflation?
Here is the euro area capacity utilization vs. the CPI.
Equity Markets: Net US equity fund flows remain negative.
Global Developments: Trade linkages with Turkey are relatively contained (Russa mostly exports energy to Turkey).
However, here is the financial sensitivity to Turkey.
Emerging Markets: Many EM economies are less vulnerable now than in 2008 (“OE” = Oxford Economics)
Food for Thought: Confirmation timing for Supreme Court nominees:
Edited by Joseph 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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