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U.S. Market Cap/Gross Value Added Since 1946


Value Is Very Attractive Globally


All-time lows... real assets relative to financial assets since 1925


Countries with Special Tax Programs

Countries with No or Low Taxes

Countries that Tax Americans on Worldwide Income

Number of Workers per Retiree in China since 1950

Federal Debt Held by the Public, Share of Gross Domestic Product since 1903

Concentration in the US Equity Market since 1990

Forecasts for Major Currencies (2023-2024)

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