Greetings,
The United States: The New York Fed’s Nowcast GDP projection model shows the 4th quarter (of 2017) GDP growth at almost 4% (annualized). It’s also projecting a very strong first quarter of this year.
The Atlanta Fed’s GDPNow model appears to be closer to reality at 2.7%.
The GDPNow forecast is consistent with most economists’ projections. Here is an example.
Credit: Will January bring more retail defaults?
Japan: Japan’s trade balance is expected to shift into deficit as oil prices climb.
Bitcoin: Ripple’s outperformance has been spectacular.
Equity Markets: The Rydex sentiment is “off the charts.”
Energy Markets: US new vehicle fuel economy dipped again last month.
Food for Thought: Who thinks politicians are corrupt?
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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