The Daily Shot Brief – November 29th, 2018

By The Daily Shot


The United States: The Q3 GDP update was unchanged at 3.5%. Here are the latest adjustments of the GDP components.

Source: The Daily Shot


China: These charts show the components of China’s consumer credit and debt-service burden.

Source: Gavekal


The Eurozone: Italian banks have a relatively small liquidity position, making them more vulnerable.

Source: TS Lombard


Global Developments: The G4 central banks’ balance sheet is expected to trough next year. Presumably, the Fed will end its quantitative tightening to ensure ample bank reserves (economists are concerned that tight bank reserves will push the benchmark rate above the Fed’s desired range).

Source: Morgan Stanley Research


Credit: This chart shows the distribution of leveraged loan issuance by rating.

Source: Moody’s Investors Service


Asia-Pacific: Sales expectations point to further weakness in Japan’s manufacturing sector.

Source: Longview Economics


Food for Thought: Immigration and the labor force:

Source: Oxford Economics

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