Economy

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State and Local Pensions, Unfunded Liabilitied(1950-2015)

State and Local Pensions, Unfunded Liabilitied(1950-2015).jpg

Q Ratio Since 1900

Q Ratio Since 1900.png

Non-OPEC Supply and World Demand

Non-OPEC Supply and World Demand.png

New Oil Order - OPEC Competes to Maintain Market Share

New Oil Order - OPEC Competes to Maintain Market Share.png

Negative Yields in Government Bond Markets

Negative Yields in Government Bond Markets.png

Margin Debt Balance as % of Market Cap

Margin Debt Balance as % of Market Cap.png

Main Stages in a Bubble

Main Stages in a Bubble.png

International Inflection Point

International Inflection Point.png

Inflation Adjusted S&P 500 vs. Consumer Confidence

Inflation Adjusted S&P 500 vs. Consumer Confidence.png

Divergent Policy is Now in Play

Divergent Policy is Now in Play.png

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