Greetings,
The United States: Consumer loan rates have diverged, with credit cards outpacing other types of debt. Can the auto industry withstand significantly higher car loan rates?
The Eurozone: The Eurozone’s export growth slumps.
Rates: This chart shows the Fed’s policy rate trajectory implied by the Treasury curve.
Equity Markets: Fund investors recently boosted allocations to US stocks and bonds.
Emerging Markets: This chart shows hard-currency and local currency debt by country (as % of GDP).
Food for Thought: Adults’ cannabis consumption:
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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