Global Debt by Sector and Recession Risk

Global Debt by Sector and Recession Risk With global growth slowing, this chart suggests that the biggest recession risk is corporate deleveraging. Image: BofA Merrill Lynch Global Investment Strategy

Global Debt

Global Debt IIF expects the global debt load to exceed $255 trillion in 2019, largely driven by the United States and China. Image: Institute of International Finance

China Debt to GDP

China Debt to GDP China’s increase in debt is massive and now exceeds 300% of GDP. Image: Institute of International Finance

U.S. Corporate Debt Maturity Wall

U.S. Corporate Debt Maturity Wall This chart shows the massive wave of maturities faced by investment-grade and speculative-grade U.S. companies in coming years. Image: Oxford Economics

Private Sector Debt

Private Sector Debt Private sector debt is high in China, extremely high in Sweden, and continues to rise. Source: Gavekal

Debt, Demographics and Labor Force Growth

Debt, Demographics and Labor Force Growth The slowdown in the labor force in the U.S., China, Europe and Japan, represents 62% of the world’s GDP and 69% of the equity market capitalization. The labor force growth is expected to be -1% by 2055. Image: Fidelity Investments

S&P 500 Cash Balances and Debt Levels

S&P 500 Cash Balances and Debt Levels During the past 12 months, non-financial S&P 500 cash balances have declined by -11% and debt levels have inflected higher by +9%. Image: Goldman Sachs Global Investment Research

S&P 500 and Margin Debt

S&P 500 and Margin Debt Margin debt has still not recovered from last December’s lows. Usually, it is mostly bullish for stocks, because investors are still fearful. Image: Merk Investments