Greetings,
The United States: The rising “quit” rate (voluntary resignations) points to higher wage growth ahead.
China: While modest (relative to 2015/16), capital outflows continue.
Cryptocurrency: Here is Bitcoin’s market cap vs. global funds’ AUM.
Equity Markets: Investors continue to ignore the massive economic impact of looming US-China trade war escalation.
Emerging Markets: Iran’s economy is expected to be in recession next year.
Global Developments: The latest Oxford Economics survey finds rising concerns about trade war impacting global growth.
More investors now see downside risks to the economy.
Food for Thought: NATO defense spending by country:
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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