United States: The housing shortage in the US is getting worse.
The United Kingdom: Government spending is expected to increase, no matter who wins the elections.
Europe: Yield curves across Europe continue to steepen. Here is the Bund curve vs. a month ago.
Asia-Pacific: Foreigners increasingly control Japanese stock trading.
China: The renminbi crossed the psychologically-import level of RMB 7.0 to the dollar.
Also, smaller banks face rising nonperforming loan balances.
Credit: The decline in the US 10-year yield triggered significant inflows into high yield ETFs this year.
Also, non-conforming loan MBS issuance is picking up momentum.
Food for Thought: Gaming revenues:
Edited by Devon Lall
To receive the Daily Shot Premium, you need to be a subscriber to The Wall Street Journal. The Daily Shot readers qualify for a special membership offer of $1 for 2 months and can join simply by clicking here.
If you are already a WSJ member, you can sign up for The Daily Shot at our Email Center by clicking here.
The Daily Shot Premium is also available online at DailyShotWSJ.com
If you have any issues at all, please contact a Customer Service representative by calling 1-800-JOURNAL (1-800-568-7625) or sending an email to email@example.com.
Contact the Daily Shot Editor: Editor@DailyShotLetter.com