The Daily Shot Brief – September 28th, 2017

Greetings,

The United States: This table provides a comparison of the latest GOP tax proposal with the earlier versions.

Source: Natixis, @joshdigga

The Atlanta Fed GDPNow model still predicts just over 2% (annualized) GDP growth for the third quarter.

Source: Atlanta Fed

 

CreditCat bond issuance approaches record levels.

Source: @Dealogic; Read full article

 

Global Developments: No major economy is expected to be in contraction next year.

Source: Charles Schwab, @joshdigga

 

China: Here is how China’s tourism spending compares to other large economies – now and a decade ago.

Source: BMI Research

What are the nation’s tourists’ favorite destinations (now vs. a decade ago)?

Source: BMI Research

 

Emerging Markets: This chart shows the volatility of the GDP growth rates for a number of “frontier market” nations.

Source: Moody’s Investors Service

 

The Eurozone: Germany’s “Jamaica Coalition” (named after the colors of Jamaica’s flag) looks like the most likely outcome for the new government. There aren’t any other viable options that hold enough seats. However, the FDP and Greens are quite far apart on many issues, which makes a deal among the parties rather challenging. Whatever the case, Angela Merkel’s position has been weakened, increasing the possibility that she doesn’t serve out the full term

Source: BMI Research

 

Equity Markets: Assets under management of inverse-VIX exchange-traded product (ETP) hit a record, catching up to the long-VIX ETP.

Source: Barclays, @pat_hennessy

For the first time since 2005, there hasn’t been a 2% daily move in the S&P 500.

Source: Danske Bank, @joshdigga

 


Food for Thought: According to this map, Germans work the lowest number of hours per week. Greeks, on the other hand, work the most hours.

Source: @onlmaps, @josephncohen

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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