The Daily Shot Brief – May 30th, 2018



The United States: The aging population continues to be a drag on labor force participation.

Source: Oxford Economics


The Eurozone: There is plenty of silly talk about “Itexit” on social media. Not only would Italy’s €2 trillion+ debt be redenominated (effectively default) in such an event (devastating the global banking system), but the rest of the Eurozone would take a half a trillion euro hit from Italy’s Target2 liabilities (chart below). It’s an unimaginable scenario, with the impact that is orders of magnitude more disastrous than Brexit.

Source: Deutsche Bank Research


Energy: This chart shows the net oil exports as a percentage of each country’s GDP, signifying exposure to oil prices.

Source: Oxford Economics


Equity Markets: Bets against Marijuana stocks hit a record high.

Source: @sobata416; Read full article


Credit: Weaker credits increasingly dominate leveraged loan issuance.

Source: Moody’s Investors Service


Japan: Job openings have been declining, and the jobs-to-applicants ratio has leveled off.

Source: Pantheon Macroeconomics

The job creation trend, however, remains strong.

Source: Goldman Sachs


Food for Thought: The digital health pyramid.

Source: @jessefelder; Read full article




Edited by Joseph Cohen

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Thanks to Josh Marte (@joshdigga), Matt Garrett (@MattGarrett3), Joseph Cohen (@josephncohen),, S&P Global, and Moody’s Investors Service for helping with the research for the Daily Shot.

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