The United States: What were the drivers of the Commerce Department’s massive adjustment to the savings rate? A substantial part of it appears to be underreported asset income, which would suggest that the upward correction in savings is skewed toward wealthier Americans.
China: Slower growth is showing up in softer producer price increases.
Cryptocurrency: This chart shows the value of Bitcoin transactions as a percent of the US GDP.
Equity Markets: Retail investors remain cautious after February’s market correction.
Emerging Markets: Elevated real rates in EM nations should give central banks room to ease if the economy slows.
Food for Thought: Student debt as a percentage of annual income (by wealth category):
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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