Greetings,
The United States: US multinationals have been repatriating cash from Ireland.
Asia-Pacific: New Zealand’s bond yields are still climbing.
Eurozone: Real rate differentials between the Eurozone and the US have been a drag on the euro.
Equities: Bank shares were also lagging amid concerns that Democrats will increase scrutiny on the sector.
Credit: Below we have some data on the global green bond market.
Emerging Markets: This scatterplot shows the current account balance (% of GDP) vs. the current account change over the past three years (vulnerable economies in lower left).
Food for Thought: US presidents with immigrant parents or grandparents:
Edited by Joseph Cohen
What We’re Reading: The Kobeissi Letter
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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.
We would also like to thank the Federal Reserve Bank of St. Louis for the incredible job they have done providing data and graphics to the public. Here is the credit and legal notice related to all FRED charts: FRED® Graphs ©Federal Reserve Bank of St. Louis. All rights reserved. All FRED® Graphs appear courtesy of Federal Reserve Bank of St. Louis. http://research.stlouisfed.org/fred2/
Contact the Daily Shot Editor: Editor@DailyShotLetter.com
