Gold vs. Japanese Yen This chart shows the strong correlation between the Japanese yen and gold, but also the divergence in recent months. You may also like “Gold Bullion and Market Capitalisation of Global Negative Yielding Debt.” Picture source: Jeroen Blokland
China, Japan Holdings of U.S. Treasury China’s share hits near 2-year low, Japan’s highest in 16 months. Picture source: Richard Leong
Who Are the Major Foreign Holders of U.S. Treasury Securities? Currently, the two major foreign holders of U.S. Treasury securities are Japan and China. Japan surpasses China as largest foreign holder of U.S. Treasuries. Picture source: Department of the Treasury/Federal Reserve Board
How “NO-DEAL Brexit” Would Affect the World’s Economy? What could a no-deal Brexit mean for developing countries? Main losers if there is a no-deal Brexit: European Union and Turkey. Main winners if there is a no-deal Brexit: China, USA, Japan, Thailand, South Africa, India, Brazil. Picture source: howmuch.net, UNCTAD
Global Earnings since 2006 This chart shows global earnings since 2006 (USA, Emerging Markets, Japan and Europe). As Warren Buffett said: “for 240 years, it’s been a terrible mistake to bet against America.” This chart below illustrates it well since 2006. You may also like “Earnings Matter, Over the Long Run.” Source: J.P. Morgan Asset Management
S&P 500 Cash Return Yield by Sector and Region Currently, the S&P 500 cash return yield (buybacks + dividends) is 5.2%, the highest since 2011. That’s much more than Europe, Japan and emerging markets. Picture source: Fundstrat Global Advisors, LLC
Foreign Holders of U.S. Debt Currently, China and Japan hold the most U.S. debt. Picture source: howmuch.net
FED, ECB & BoJ balance sheets as Percent of GDP (BoJ leading 10 years) Is this chart the “Japanification” of the world? Picture source: In Gold We Trust-Report
What Does Government Debt Look Like Across the Globe? Government debt has risen to over $63 trillion in absolute terms. Japan is the most indebted countries in the world, with debt-to-GDP ratio of 237.6% in 2017. The United States debt-to-GDP ratio is 105.2% in 2017. Picture source: howmuch.net
Total Debt by Sector for Developed & Emerging Economies Argentina is the least indebted market in terms of GDP, while Japan is the most indebted market in terms of GDP. The United States’ total debt is 252% of GDP. Picture source: Pictet Asset Management
