Date post: | 23-Dec-2015 |
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Cumulative real growth ⌃ household financial asset wealth[astounding data across 5 regimes]
Source | Strategic Economic Decisions, Inc.
1
Mean-reverting dynamics ⌃ US net worth[back to the future]
Source | Strategic Economic Decisions, Inc.
2
Household net worth ⌃
3
Source | FRB, J.P. Morgan Asset Management
Global Productivity Growth⌃
• “Productivity isn’t everything, but in the long run it is almost everything” – Paul Krugman
• Growth rate of an economy is the sum of workforce growth plus labor productivity growth
International Economic and Demographic Data
US Business Competitiveness ⌃
• Institutions
• Infrastructure
• Macroeconomic
environment
• Health and primary
education
• Higher education and
training
• Goods market efficiency
• Labor market efficiency
• Financial market
development
• Technological readiness
• Market size
• Business sophistication
• Innovation
GDP growth, Gross debt to GDP ⌃ borrowing costs
Source | IMF, FactSet, Bloomberg, J.P. Morgan Economics, Barclays, J.P. Morgan Asset Management
7
Average annual earnings ⌃ Highest degree earned
Source | Census Bureau, J.P. Morgan Asset Management
8
Unemployment rate ⌃ Education level
Source | BLS, FactSet, J.P. Morgan Asset Management
9
US Natural gas production ⌃
Source | EIA, IMF, FactSet, J.P. Morgan Asset Management
10
US sources of oil and liquid fuels ⌃
Source | EIA, J.P. Morgan Asset Management
11
12
Emerging economies poised to pass $3,000GDP per capita threshold
CPI ⌃ Core CPI
Source | BLS, FactSet, J.P. Morgan Asset Management
13
CPI ⌃ Core CPI
Source | BLS, FactSet, J.P. Morgan Asset Management
14
Cumulative flows into stock and bond funds ⌃
15
Source | Investment Company Institute, J.P. Morgan Asset Management
Benefits of diversification ⌃
16
Source | Thomson Reuters Investment View
abacus
smart financial decisions
Annualized returns by asset class
18