Greetings,
The United States: This forecast shows business investment and net exports contributing more to the GDP over the next couple of years.
China: Tighter liquidity conditions will be a headwind for the property markets and the economy as a whole.
The Eurozone: It’s surprising that there is so much anti-EU sentiment in the Czech Republic, Hungary, and Poland. These nations have prospered because of and are completely dependent on the European Single Market.
Equity Markets: Business activity (PMI) correlates quite well with global stock market returns.
Emerging Markets: Qatar’s banks are trying to reduce dependence on external funding, which remains relatively high.
Credit: This chart shows the trend in Islamic bond issuance.
Energy Markets: Here is a map of crude oil exporters in 2016. It will look different this year.
Global Developments: The combined balance sheet of the four major central banks will begin to shrink in mid-2019, according to this forecast.
Food for Thought: Private colleges increasingly discount tuition to attract students. We should see consolidation and even defaults in the years to come (especially with small colleges).
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.
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