The Daily Shot Brief – October 18th, 2018



The United States: Here is the progression of tariffs on Chinese imports (increasingly impacting consumer products).

Source: Scotiabank Economics


Rates: Here is an updated chart on Treasury holdings.

Source: Capital Economics


China: Deutsche Bank expects China’s current account balance to flip into deficit next year.

Source: Deutsche Bank Research


The Eurozone: When is the ECB’s “liftoff”?

Source: Deutsche Bank Research


Equities: While bank shares tend to trade with the slope of the yield curve, there doesn’t seem to be a direct relationship between the 10yr-2yr Treasury spread and net interest margins.

Source: Moody’s Investors Service


Credit: Which sectors had the highest increases in corporate debt?

Source: John Burns Real Estate Consulting


Emerging Markets: This chart provides a detailed history of EM crises by region and type.

Source: Capital Economics


Food for Thought: Old-age dependency ratio:

Source: Gavekal




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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