Greetings,
The United States: We have some updates on the housing market.
• Despite a slowdown in residential construction, labor shortages persist.
China: Does the slowdown in Taiwan’s factory activity point to further weakness in China’s manufacturing?
The Eurozone: The number of unemployed Germans hit another multi-year low.
Credit: Growth in BBB bonds has outpaced the high-yield market, which has been contracting.
Emerging Markets: Mexico’s real monetary policy rate is at the highest level in over a decade, which is creating a drag on growth.
Global Developments: Productivity growth forecasts have been too optimistic.
Food for Thought: Trust in mass media:
Edited by Joseph 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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