Economy

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Share of world GDP growth/Research and development spending

Share of world GDP growth Research and development spending.png

Secular economic baseline: new normal/new neutral continues to rule

Secular economic baseline new normal new neutral continues to rule.png

OECD composite leading indicator

OECD composite leading indicator.png

U.S. corporate credit as % GDP since 1968

U.S. corporate credit as % GDP since 1968.png

U.S. corporate BBB debt vs. Sub-Prime mortgage

U.S. corporate BBB debt vs. Sub-Prime mortgage.png

U.S. citi economic data change vs. GDP (YoY)

U.S. citi economic data change vs. GDP (YoY).png

Total U.S. population divided by age groups

Total U.S. population divided by age groups.png

The S&P 500 index produced very different outcomes for the successive 10-year periods

The S&P 500 index produced very different outcomes for the successive 10-year periods.png

Relative growth of ICE BofAML Corporate Index to ICE BofAML Treasury Index since 1985

Relative growth of ICE BofAML Corporate Index to ICE BofAML Treasury Index since 1985.png

Relative growth of ICE BofAML High Yield Cash Pay Index to ICE BofAML Treasury Index since 1985

Relative growth of ICE  BofAML High Yield Cash Pay Index to ICE  BofAML Treasury Index since 1985.png

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