The Daily Shot Brief – February 11th, 2020



United States: Auto loan delinquencies have diverged from other consumer credit markets.

Source: @FactSet


The velocity of money hit a multi-decade low. One way to think about this trend is that it takes an increasing amount of credit (including bank credit to the federal government) to generate the same amount of GDP.

h/t Piper Sandler


The Eurozone: Germany’s political uncertainty increased substantially with AKK’s resignation.

Source: @WSJ; Read full article


The euro declined further.

Source: The Daily Shot


China: China’s P2P lending activity continues to slow.

Source: @WSJGraphics; Read full article


Energy: Fitch expects coal to remain key in Chinese power generation, as the sector ramps up excess capacity to meet power demand surges due to stimulus measures. Meanwhile, oil as a source of electricity generation is expected to decline substantially (0% by 2029).

Source: Fitch Solutions Macro Research


Global Developments: The coronavirus scare impacted risk assets in different ways.

Source: @WSJ; Read full article


Food for Thought: The White House’s proposed budget:

Source: @WSJ; Read full article

Edited by Devon Lall

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