Search Results for: income

Funds Flows – Fixed Income and Equities Funds flows across fixed income and equities continued to slow for a third week. Image: BofA Global Research

United States Corporate Income Tax Rate and Median S&P 500 Company Effective Rate According to Goldman Sachs, the effective S&P 500 tax rate could lift to 26%, if Democrats win the presidency and the Senate in November. Image: Goldman Sachs Global Investment Research

Saving – Household Spending as % of Disposable Income and 10-Year Treasury Yield As the chart shows, lower yields force households to save more (hyper-globalization 2001-2020). This is a vicious cycle, as forced saving depresses demand. Image: BofA Research Investment Committee

Housing – U.S. Median Famility Income to Mortgage Cost This chart suggests that relative to family incomes, buying a home in the U.S. is currently quite affordable by historical standards. Image: Gavekal, Macrobond

Global Cumulative Weekly Flow: Fixed Income vs. Equities This chart highlights once again investors’ strong preference for bonds. Image: BofA Global Research

U.S. Total Disposable Personal Income This chart suggests that disposable personal income will be positive in Q2/Q3 2020. Image: Goldman Sachs Global Investment Research

Percentage of U.S. Households with No Emergency Savings Acount, by Income 40% of U.S. households don’t have $400 for an emergency expense, and 53% don’t have any emergency savings. Image: Deutsche Bank Global Research

Private Non-Financial Debt Service Ratios Relative To Income Lower interest rates make debt more sustainable. What matters is the debt service cost.

Inequality – Contribution to the Saving Rate by Income Quintile in the U.S. The top 20% of households account for almost all the savings in the United States. Image: Goldman Sachs Global Investment Research

Share of IPOs with Positive Net Income in Year 1 The IPO class of 2019 is the least profitable of any year since the internet bubble. Image: Goldman Sachs Global Investment Research