The Daily Shot Brief – December 6th, 2017

Greetings,

 

The United States: The number of first-time homebuyers keeps climbing.

Source: Genworth Mortgage Insurance Corporation; Read full article

How do these new buyers come up with a 20% down payment amid surging home prices? The answer is that relatively few of them do. Instead, first-time homebuyers tap FHA, VA, and USDA loans. They also increasingly rely on mortgage insurance (MI). “Low down payment” is defined as LTV of 80 percent or higher.

Source: Genworth Mortgage Insurance Corporation; Read full article

The good news is that the mortgage insurance market is gradually reducing the government’s share of the first-time homebuyer market.

Source: Genworth Mortgage Insurance Corporation; Read full article

 

China: This chart shows the yearly changes in loan balances to nonfinancial corporations in China. Tighter monetary conditions have not shown up in this sector.

Source: Moody’s Investors Service

 

The Eurozone: French business activity has accelerated.

Source: @markiteconomics; Read full article

 

Equity Markets: Here is why analysts don’t think there is a bubble in tech shares.

Source: Credit Suisse

 

Emerging Markets: India’s economy appears to be struggling as the service sector shifted into contraction again.

Source: @markiteconomics; Read full article

 

Bitcoin: Nobody wants Federal Reserve notes.

Source: @TheStalwart

 

Energy Markets: Crude oil is expected to be in deficit for much of next year.

Source: Scotiabank Economics, h/t Paul Menestrier

 


Food for Thought: Older workers in OECD countries.

Source: @OECD

Edited by Joseph N 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.

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

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