Greetings,
China: Debt of leveraged property companies remains under pressure. However, analysts doubt that the property debt crunch is China’s “Lehman moment.”
![The Daily Shot Brief – September 21st, 2021](https://thedailyshot.com/wp-content/uploads/CH-Lehman-ST2109210431.png)
Emerging Markets: Hedge funds have been buying EM currencies in recent weeks.
![The Daily Shot Brief – September 21st, 2021](https://thedailyshot.com/wp-content/uploads/EM-HFs-have-been-buying-EM-Currencies2109210431.png)
Equities: Other US domestic issues also pose risks, including tech regulation and a potential surprise from the Fed (perhaps due to more persistent inflation). For example, corporate and capital gains tax hikes:
![The Daily Shot Brief – September 21st, 2021](https://thedailyshot.com/wp-content/uploads/US-Corp-Tax-Hike2109210431.png)
United States: Consumers’ views on buying conditions for homes continue to deteriorate, according to the latest U. Michigan survey.
![The Daily Shot Brief – September 21st, 2021](https://thedailyshot.com/wp-content/uploads/US-Mich-Houses2109210431.png)
Eurozone: Consumption in the Eurozone tends to follow household net worth, implying further upside.
![The Daily Shot Brief – September 21st, 2021](https://thedailyshot.com/wp-content/uploads/EZ-HH-Networth-v-consumption2109210431.png)
Food for Thought: All the dice in the figure below are perfect squares.
![The Daily Shot Brief – September 21st, 2021](https://thedailyshot.com/wp-content/uploads/VTF-All-the-dice-are-perfect-squares2109210431.png)
Edited by Devon Lall
Contact the Daily Shot Editor: Editor@DailyShotLetter.com