The Daily Shot Brief – July 27th, 2017

Greetings,

 

The United States: Consumer loan charge-offs have been on the rise recently despite a strong labor market.

Source: @TimeMoneycom, @jessefelder

 

China: This chart shows the growth of shadow banking assets in China. There are indications that the PBoC’s tightening has moderated this expansion in recent months.

Source: CaixaBank, @MattGarrett3

Here is the composition of China’s shadow banking.

Source: CaixaBank, @MattGarrett3

 

Rates: Here is the latest projection of the Fed’s balance sheet.

Source: Moody’s Investors Service

 

Equity Markets: Some analysts remain convinced that the stock rally has been tightly linked to the total central bank stimulus. That doesn’t bode well for the market over the next couple of years.

Source: BMO Private Bank

 

Emerging Markets: Rodrigo Duterte knows how to kill drug dealers (and users), but managing the nation’s economy is another story. The Philippines trade deficit continues to worsen.

Source: @business; Read full article

 

The Eurozone: The euro blasted past 1.17 after the FOMC statement.

 

 

The United Kingdom: Here is the UK’s overall economic update since the EU Referendum vote.

Source: Moody’s Investors Service

 

Energy Markets: Despite more cars on the road each year, US gasoline demand is projected to plateau over the next half a decade.

Source: Goldman Sachs, @MattGarrett3

 


Food for Thought: An internet minute.

Source: @lorilewis, @sobata416, @DillonSookbir

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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