The Daily Shot Brief – December 15th, 2017



The United States: Overall, American’s net-worth has been climbing, but the improvements have been highly uneven.

Source: Credit Suisse

That’s why the mean net worth is now above the pre-recession peak, while the median is not even close. The two indicators have completely diverged.

Source: Credit Suisse

A big part of the disconnect has to do with the ownership rates of stocks and houses being sharply lower for the less-wealthy groups.

Source: Credit Suisse
Source: Credit Suisse


China: Dollar-denominated bond issuance spiked this year.

Source: Natixis


The Eurozone: The ECB left its monetary policy unchanged but upgraded the GDP forecasts: +0.5% for 2018 to 2.3% and +0.2% for 2019 to 1.9%. The 2020 growth is projected to be 1.7%. The central bank raised its inflation forecast slightly (due to higher oil prices) but left the core CPI unchanged.

Source: ECB; Read full article


Credit: Outflows from leveraged loan funds continue.

Source: @lcdnews


Emerging Markets: Brazil’s retail sales have bifurcated between industries that are sensitive to income vs. those sensitive to credit.

Source: @macrolca


Bitcoin: The number of cryptocurrencies spiked this year.

Source: @jessefelder; Read full article


Food for Thought: Lying on your resume.

Source: @YouGov; Read full article

Edited by Joseph N Cohen

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