Greetings,
The United States: This chart shows the divergence between labor productivity and employment over the past couple of decades. The gap is probably due to the technological advancements since the late 1990s.
The United Kingdom: Borrowing by households continues to moderate.
China: China’s services sector is offsetting the weakness in manufacturing.
Rates: Are global investors too bullish on bonds (bearish on rates)?
Food for Thought: The CO2 impact of flying first class:
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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