Greetings,
The United States: Younger Americans are much more nervous about buying a home than the older generations. This divergence is a recent phenomenon.
The United Kingdom: After years of declines, mortgage rates are expected to start climbing next year.
China: The World Economics’ SMI points to further deterioration in China’s manufacturing growth.
The Eurozone: The “super-core” inflation rate (core CPI excluding package vacations) is moderating. Price increases remain sluggish in France.
Equity Markets: Cannabis stocks climbed again on Monday, this time in response to commentsfrom Coca-Cola. Is the sector in bubble territory?
Global Developments: This chart shows how speculative accounts are positioned in the currency markets (hedge funds are still long the dollar).
Emerging Markets: Is Lebanon going to default on its debt? Here is the sovereign credit default swap spread.
Food for Thought: Preferred alcoholic beverages in Europe (a shift from vodka and wine to beer?):
Edited by Joseph 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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