The United States: Why has it been so hard for the CBO to forecast the US budget deficit?
The Eurozone: The divergence between the Eurozone and the US manufacturing PMI doesn’t bode well for the euro.
Energy: This chart compares the decline in output for legacy wells with the production growth in new wells in the Permian Basin.
Equity Markets: Is cross-border M&A overheating?
China: Here is the breakdown of China’s current account surplus.
Japan: As the population ages, the household savings ratio continues to decline.
Global Developments: What are the drivers of consumer spending globally?
Food for Thought: Some international statistics on school shootings.
Have a great holiday weekend! The next brief will be out Tuesday, May 29th.
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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