Greetings,
The United States: This chart shows the divergence between the labor market strength and wages in the US.
It’s worth noting that a similar disconnect exists in Europe.
China: The renminbi continues to strengthen against the dollar.
Global Developments: Here are the top ten global companies by 2017 profit estimates.
Equity Markets: Are current valuations close to extremes?
Emerging Markets: Colombia’s central bank cut rates again amid slowing inflation.
The Eurozone: Greek bank shares took a hit after a massive rally over the past three months.
Credit: This chart shows middle market debt leverage over time for different parts of the capital structure (“unitranche” means a single piece of debt that combines first and second lien).
Energy Markets: India’s fuel consumption growth is picking up, just as China’s slows.
Food for Thought: The most hated office jargon.
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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