The Daily Shot Brief – February 23rd, 2018




The United States: Many economists continue to point out that the falling US savings rate (chart below) can be explained by higher asset prices (stocks and houses) as well as strong labor markets (second and third charts below). Does this mean that consumer spending growth will remain robust as increasingly “wealthy” households tap their credit cards? What happens if asset prices suddenly take a hit?

Source: FRED
Source: Goldman Sachs


Equity Markets: US stock funds (ETFs and mutual funds combined) continue to see withdrawals (down $100bn since Q1 2017).

Source: Credit Suisse


Energy Markets: Here is a forecast for US crude oil production over the next few decades by source.

Source: EIA; Read full article


The Eurozone: Will we see a further increase in the Eurozone’s trade surplus with the US? How will the White House react?

Source: Pantheon Macroeconomics


Global Developments: Below are ETF flows over the past year by broad asset class category.

Source: Credit Suisse


Canada: This chart shows Canada’s youth labor-force participation rates by province.

Source: Scotiabank Economics


Emerging Markets: Here is how much of Mexico’s regional GDP is dependent on US trade.

Source: Moody’s Investors Service


Food for Thought: The global population pyramid is expected to invert by 2100 as the population gets closer to peak levels.

Source: United Nations, Department of Economic and Social Affairs
Source: United Nations, Department of Economic and Social Affairs

Here are the population growth rate forecasts by region.

Source: United Nations, Department of Economic and Social Affairs


Have a great weekend!




Edited by Joseph N 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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