The United States: Which states will feel the brunt of trade retaliations against US tariffs?
China: Here is the breakdown of the PBoC’s balance sheet. The increase over the past couple of years has been due to liquidity facilities for banks.
Global Developments: Generating strong economic growth without credit expansion is hard.
Equity Markets: Should we be paying attention to the divergence between US stocks and copper?
Emerging Markets: This chart shows bond yields vs. sovereign ratings for select EM economies.
Food for Thought: Many US private colleges are running operating deficits. Time for consolidation in higher-education?
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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