Greetings,
The United States: The Social Security program had a cash deficit each year since 2009. The deficit was masked by interest income – until now.
China: Fixed asset investment growth has been slowing.
Credit: Most states have regulatory environments that are supportive of credit.
Equity Markets: A strong dollar will be a drag on earnings.
Emerging Markets: This chart shows the expected changes in fertility rates for select EM economies.
Food for Thought: Crossover vehicle sales:
Note: There will not be a Brief tomorrow. Enjoy the weekend!
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.
We would also like to thank the Federal Reserve Bank of St. Louis for the incredible job they have done providing data and graphics to the public. Here is the credit and legal notice related to all FRED charts: FRED® Graphs ©Federal Reserve Bank of St. Louis. All rights reserved. All FRED® Graphs appear courtesy of Federal Reserve Bank of St. Louis. http://research.stlouisfed.org/fred2/
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