Keyword: government

Equity Fund Flows Cycle, Credit and Government Bond Chart suggesting that the equity fund flows cycle has entered its last phase. Image: Goldman Sachs Global Investment Research

U.S. Gross Government Debt to GDP U.S. government debt is expected to grow and could increase the likelihood of a fiscal crisis in the future. Image: Reuters

Median S&P 500 12-Month Returns Based on Control of U.S. Government A unified government under the Democrats could represent a major risk for the S&P 500 in 2020. Image: Goldman Sachs Global Investment Research

Global Supply of Safe Assets by Country – Shortage of Government Bonds The global shortage of government bonds is going to get worse and could keep yields low or negative. Image: Financial Times

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