The Daily Shot Brief – February 14th, 2018




The United States: US consumer debt increases are driven by non-housing credit, primarily student and auto loans.

Source: NY Fed; Read full article

Student debt delinquency rates remain elevated, while problem auto loan balances continue to climb.

Source: NY Fed; Read full article


Equity Markets: Will the market correction be extended this year? Long-term market history shows much larger yearly drawdowns than what we’ve had recently.

Source:, h/t Paul Menestrier; Read full article


Global Development: Finally, we have the combined unemployment rate of the US, the Eurozone, the UK, and Japan.

Source: Credit Suisse


The United Kingdom: While another Brexit vote is unlikely, the polls show increasing support for such a referendum.

Source: BMI Research

And here is an updated opinion poll on the matter.

Source: BMI Research


Eurozone: Euro area banks didn’t want to hold low- or negative-yielding government debt. But if yields rise substantially, the situation will change.

Source: Pantheon Macroeconomics


Commodities: China controls a great deal of global battery manufacturing.

Source:, h/t Paul Menestrier; Read full article


China: Higher mortgage rates should reduce China’s household debt growth.

Source: Pantheon Macroeconomics


Food for Thought: The first map shows US road fatalities as a percentage of the population, and the second one is road fatalities as a fraction of all fatalities.

Source: Michael Sivak, University of Michigan


Edited by Joseph N Cohen

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