The United States: Some analysts see wage growth accelerating soon, as the spread between the underemployment rate (U-6) and the unemployment rate (U-3) declines further. This spread could be viewed as a measure of labor slack.
Wages as a share of the GDP have been trending lower, boosting corporate margins.
The Eurozone: Greek banks have been having some issues with auctions of foreclosed properties. Investors are getting nervous. Here is the Greek bank index.
China: China’s corporate debt as a percentage of the GDP remains near record levels.
Equity Markets: Funds with the most buy recommendations have consistently underperformed.
Credit: This chart shows the yields, spreads, and durations for the various fixed-income asset classes.
Global Developments: Demand for fuel from cars on the road will continue to rise over the long-term. While fuel efficiency will improve, it won’t offset the demand for more vehicles in emerging markets.
Food for Thought: This forecast shows electric vehicle usage in 2040 vs. last year.
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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