The Daily Shot Brief – December 3rd, 2018



The United States: The U. Michigan survey tells us that Americans who expect the highest long-term inflation have been scaling back their projections.

Source: BofA Merrill Lynch Global Research


China: US imports of Chinese goods that are subject to 25% tariffs are collapsing. That’s why a delay in the current 10% tariffs becoming 25% is a big deal. But can it be averted altogether?

Source: @SergiLanauIIF, @GregBasileIIF


The Eurozone: Here is a leading economic indicator for the Eurozone.

Source: Longview Economics


Global Developments: Manufacturing export orders have been moderating.

Source: Deutsche Bank Research


CreditInvestment-grade (IG) debt continues to underperform high-yield (HY). The chart below shows IG and HY spreads to Treasuries.

Source: Bloomberg


Emerging Markets: Fewer nations are using a currency peg these days.

Source: Deutsche Bank Research


Food for Thought: The demographics of the House of Representatives:

Source: @bpmehlman, @LegiStorm, @Redistrict


Edited by Joseph Cohen

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Thanks to Josh Marte (@joshdigga), Matt Garrett (@MattGarrett3), Joseph Cohen (@josephncohen),, S&P Global, and Moody’s Investors Service for helping with the research for the Daily Shot.

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