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Economy

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Emerging Markets FX remains cheap from a long-term perspective

Emerging Markets FX remains cheap from a long-term perspective.png

Emerging Markets debt/GDP is less than half of developed markets since 1998

Emerging Markets debt:GDP is less than half of developed markets since 1998.png

7-year asset class real return forecasts

7-year asset class real return forecasts.png

International growth relative to value (forward P/E ratio)

International growth relative to value (forward P:E ratio).png

Correlations (rolling 12-month) since 1990

Correlations (rolling 12-month) since 1990.png

Wholesale price inflation in the U.S. since 1750

Wholesale price inflation in the U.S. since 1750.png

Cumulative growth of working age population - 1990-2018 versus 2018-2030

Cumulative growth of working age population - 1990-2018 versus 2018-2030.png

China real GDP by decade

China real GDP by decade.png

Within equities, smaller cap stocks tend to underperform at this point in the cycle

Within equities, smaller cap stocks tend to underperform at this point in the cycle.png

Real broad trade-weighted dollar

Real broad trade-weighted dollar.jpg

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