Greetings,
The United States: The inventories of single-family homes on the market keep dwindling.
Credit: The Volcker Rule has damaged liquidity in the corporate bond market. Providing a loan to a company is fine but holding a corporate bond is “speculation”? Banks are in the business of assuming credit risk, no matter what form it takes.
China: Credit growth slowdown in China is expected to continue.
Bitcoin: This chart compares the daily volatility of Bitcoin to other asset classes.
Equity Markets: Stock dividend yields are diverging from Treasury yields.
Both buyback and dividend yields have been declining just as Treasury yields rise.
Eurozone: The real rate differential between Germany and the US has completely diverged from the euro.
Global Developments: Global consumer spending is expected to remain strong in 2018.
Food for Thought: North and South Korea at night.
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.
We would also like to thank the Federal Reserve Bank of St. Louis for the incredible job they have done providing data and graphics to the public. Here is the credit and legal notice related to all FRED charts: FRED® Graphs ©Federal Reserve Bank of St. Louis. All rights reserved. All FRED® Graphs appear courtesy of Federal Reserve Bank of St. Louis. http://research.stlouisfed.org/fred2/
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