Greetings,
The United States: Here is the breakdown of the US labor-force participation rate decline since 2008. The “change due to behavior” includes trends such as higher college enrollment rates, etc.
China: Growth in fixed-asset investment is also slowing. Here is the split between private and public activity (public fixed investment is the main component of the government stimulus).
Credit: LBO activity has picked up this year.
Equity Markets: GE is shedding several businesses and cutting dividend in an attempt to boost growth.
Energy Markets: The Permian Basin horizontal well productivity continues to rise (see videoon the lateral technology).
Global Developments: Declines in union memberships around the world are believed to be one of the reasons for lower inflation.
Food for Thought: A record number of men now “marry up” educationally.
Edited by Joseph N 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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