Greetings,
The United States: The US economy is currently thought to be expanding at full capacity, with the gap between the actual and potential GDP now closed.
The US government’s projections of a 3-4% GDP growth over the next decade, therefore, appears to be completely unrealistic.
Global Developments: This chart shows the relative GDP growth for select advanced economies since 2007.
Energy Markets: The US rig count should climb further in response to higher crude prices.
Bitcoin: While the recent sell-off got a great deal of attention, Bitcoin “corrections” are quite common.
Equity Markets: This year we’ve had two weeks of simultaneous increases in stock indices and volatility – an unusual combination. This chart shows the Nations VolDex vs. SPY (weekly changes).
China: The China SMI report shows strengthening business activity.
Emerging Markets: This chart shows the shift in EM bond spreads by credit rating.
Food for Thought: Fertility rates around the world.
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.
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