The Daily Shot Brief – November 22nd, 2017

Greetings,

 

The United States:  What is the impact of the Senate GOP tax proposal (the “double taxation” with respect to local taxes) on the housing market? Is this a form of (“blue” to “red”) income redistribution?

Source: @bencasselman, @ConorDougherty; Read full article

Separately, here is what economists think about the tax cut impact on the GDP a decade from now.

Source: @JustinWolfers; Read full article

 

The Eurozone: Repeating the German elections is likely to produce very similar results, and therefore won’t resolve the current impasse.

Source: WSJ.com, h/t Paul Menestrier; Read full article

Moreover, Angela Merkel’s approval ratings (which have been remarkably stable) are starting to slip. You don’t have to know German to understand what the chart below says.

Source: @MxSba, @infratestdimap

 

Credit: Leveraged loan issuance is on target to hit a record in 2017.

Source: @lcdnews; Read full article

 

Equity Markets: What would a $1k investment in these firms ten years ago be worth now?

Source: @paul1kirby, @howmuch_net; Read full article

 

Emerging Markets: South Africa’s business confidence is tumbling on political and fiscal uncertainties.

Source: Wold Economics; Read full article

 

Rates: Longer-dated Treasury yields have been more influential on the dollar movements recently than the shorter end of the curve.

Source: WSJ.com, h/t Paul Menestrier; Read full article

 


Food for Thought: Wage theft.

Source: @CollectableCat

**Please note that The Daily Shot Brief will not be published this Thursday (23d) and Friday (24th).


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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