The Daily Shot Brief – November 28th, 2018



The United States: The Q3 GDP update was unchanged at 3.5%. Here are the latest adjustments of the GDP components.

Source: The Daily Shot


China: These charts show the components of China’s consumer credit and debt-service burden.

Source: Gavekal


The Eurozone: Italian banks have a relatively small liquidity position, making them more vulnerable.

Source: TS Lombard


Global Developments: The G4 central banks’ balance sheet is expected to trough next year. Presumably, the Fed will end its quantitative tightening to ensure ample bank reserves (economists are concerned that tight bank reserves will push the benchmark rate above the Fed’s desired range).

Source: Morgan Stanley Research


Credit: This chart shows the distribution of leveraged loan issuance by rating.

Source: Moody’s Investors Service


Asia-Pacific: Sales expectations point to further weakness in Japan’s manufacturing sector.

Source: Longview Economics


Food for Thought: Immigration and the labor force:

Source: Oxford Economics


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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