Greetings,
The United States: US consumers still have not recovered from the 2008 economic shock. Discretionary service spending is improving much slower than during the previous cycles.
The Eurozone: Analysts continue to suggest that the euro is overvalued.
China: China’s rising budget deficit (including state-owned enterprises) points to increased fiscal stimulus in recent years. Will this spending slow after the 19th Party Congress concludes?
Equity Markets: More trading activity has shifted into the market’s close, as the mid-day volumes collapse.
Japan: The nation’s potential economic growth is constrained by demographics as the working-age population shrinks.
Food for Thought:Could legalizing cannabis reduce opioid-related deaths?
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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