The Daily Shot Brief – September 24th, 2019



Eurozone: The next shoe to drop could be Germany’s labor market.

Source: Pantheon Macroeconomics

United Kingdom: Credit quality continues to deteriorate for UK industrials.

Source: Credit Benchmark

The United States: Credit standards have been tightening.

Source: Quill Intelligence

However, small businesses appear to have no trouble accessing credit.

Source: Yardeni Research

China: Rather than boosting spending in response to Beijing’s tax cuts, households have engaged in precautionary saving (second chart).

Source: Commerzbank Research
Source: Commerzbank Research

Emerging Markets: The yield curve for Mexico is now fully inverted (the whole curve is below the 3-month rate).

Source: Daily Shot

Food for Thought: Confidence by gender and age:

Source: HBR study

Edited by Devon Lall

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