Greetings,
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
To receive the Daily Shot Premium, you need to be a subscriber to The Wall Street Journal. The Daily Shot readers qualify for a special membership offer of $1 for 2 months and can join simply by clicking here.
If you are already a WSJ member, you can sign up for The Daily Shot at our Email Center by clicking here.
The Daily Shot Premium is also available online at DailyShotWSJ.com
If you have any issues at all, please contact a Customer Service representative by calling 1-800-JOURNAL (1-800-568-7625) or sending an email to support@wsj.com.
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.
We would also like to thank the Federal Reserve Bank of St. Louis for the incredible job they have done providing data and graphics to the public. Here is the credit and legal notice related to all FRED charts: FRED® Graphs ©Federal Reserve Bank of St. Louis. All rights reserved. All FRED® Graphs appear courtesy of Federal Reserve Bank of St. Louis. http://research.stlouisfed.org/fred2/
Contact the Daily Shot Editor: Editor@DailyShotLetter.com
