Greetings,
The United States: Used car prices are now down 10% year-over-year, the biggest decline since the financial crisis.
Housing valuations, measured in terms of the mortgage payment-to-income ratio, are hitting extreme levels.
Canada: Housing starts surprised to the upside.
China: China delayed the release of the Q3 GDP report. The authorities apparently need time to “massage” the figures – not a good sign.
The renminbi hit the lowest level vs. USD since 2008.
Commodities: US orange juice prices are surging after Hurricane Ian damage estimates.
Equities: The IPO bubble burst has been spectacular.
Rates: Foreign purchases of US Treasury notes and bonds surged in August.
Food for Thought: Lastly, here’s a look at worker burnout rates.
Edited by Alexander Bowers
Contact the Daily Shot Editor: Brief@DailyShotResearch.com
