U.S. Tariff Revenue as a Percentage of Federal Government Receipts Since 1880 As a percentage of federal revenue, tariff receipts are rising to the highest in 70 years, but well below the levels observed throughout the 19th century. Image: Macrobond
Cumulative Fund Flows: Global Equities and Global Government & Corporate Bonds $339 billion in inflows to bond funds globally, and $208 billion in outflows from global equity funds in 2019, as investors fear a global recession is on the horizon. Image: BofA Merrill Lynch
Global Government Debt Global government debt has ballooned since the global financial crisis, reaching its highest level in peacetime. Image: Financial Times
U.S. Federal Government Debt’s Potential Impact On Growth This chart puts the U.S. federal government debt’s potential impact on growth into perspective. Image: Ned Davis Research
Stocks Dividend Yields Exceed Government Bond Yields in Major Countries In major countries, dividend yields are now significantly higher than yields on 10-year bonds. Image: Charles Schwab
Different Holders of DM Government Debt The chart shows the historical breakdown of different holders of DM government bonds and overall DM debt-to-GDP. Even with QE, central bank government bond holdings are below historical peaks. Image: BlackRock Investment Institute
Who Owns Different Countries’ Government Bonds? About 70% of the U.S. national debt is owned by domestic government, institutions investors and the Federal Reserve. Image: Deutsche Bank Global Research
Total Number of Governments since 1945 Italy and France have the largest number of governments since 1945, while the U.S. and Luxembourg have the smallest number. Image: Deutsche Bank Global Research
U.S. Government Bond Fund Flows Over the last six months, U.S. government bond fund flows have been the largest since 1985. Image: Goldman Sachs Global Investment Research
World – Gross Government Debt as Percentage of GDP A look at gross government debt in 2019. Image: IMF
