Greetings,
United States: Existing home sales were quite strong in December. The second chart shows the year-to-date cumulative trends.
The number of US homes for sale is at multi-decade lows.
United Kingdom: The government’s support for the job market is expected to climb further, …
… pushing borrowing beyond £400bn this year.
China: The World Economics SMI report shows further strengthening in business activity this month.
Energy: Forecasters have been downgrading their projections for oil demand in 2021.
Credit: US high-yield bond issuance is off to its strongest start ever.
Food For Thought: Highest-paid public employees:
Edited by Daniel Moskovits
Contact the Daily Shot Editor: Editor@DailyShotLetter.com
If you would like to subscribe to the full-length Daily Shot (see example), please register here.