cumulative real growth ⌃ household financial asset wealth [astounding data across 5 regimes]...
TRANSCRIPT
![Page 1: Cumulative real growth ⌃ household financial asset wealth [astounding data across 5 regimes] Source | Strategic Economic Decisions, Inc. 1](https://reader034.vdocuments.us/reader034/viewer/2022051820/56649da75503460f94a92f2a/html5/thumbnails/1.jpg)
Cumulative real growth ⌃ household financial asset wealth[astounding data across 5 regimes]
Source | Strategic Economic Decisions, Inc.
1
![Page 2: Cumulative real growth ⌃ household financial asset wealth [astounding data across 5 regimes] Source | Strategic Economic Decisions, Inc. 1](https://reader034.vdocuments.us/reader034/viewer/2022051820/56649da75503460f94a92f2a/html5/thumbnails/2.jpg)
Mean-reverting dynamics ⌃ US net worth[back to the future]
Source | Strategic Economic Decisions, Inc.
2
![Page 3: Cumulative real growth ⌃ household financial asset wealth [astounding data across 5 regimes] Source | Strategic Economic Decisions, Inc. 1](https://reader034.vdocuments.us/reader034/viewer/2022051820/56649da75503460f94a92f2a/html5/thumbnails/3.jpg)
Household net worth ⌃
3
Source | FRB, J.P. Morgan Asset Management
![Page 4: Cumulative real growth ⌃ household financial asset wealth [astounding data across 5 regimes] Source | Strategic Economic Decisions, Inc. 1](https://reader034.vdocuments.us/reader034/viewer/2022051820/56649da75503460f94a92f2a/html5/thumbnails/4.jpg)
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
![Page 5: Cumulative real growth ⌃ household financial asset wealth [astounding data across 5 regimes] Source | Strategic Economic Decisions, Inc. 1](https://reader034.vdocuments.us/reader034/viewer/2022051820/56649da75503460f94a92f2a/html5/thumbnails/5.jpg)
International Economic and Demographic Data
![Page 6: Cumulative real growth ⌃ household financial asset wealth [astounding data across 5 regimes] Source | Strategic Economic Decisions, Inc. 1](https://reader034.vdocuments.us/reader034/viewer/2022051820/56649da75503460f94a92f2a/html5/thumbnails/6.jpg)
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
![Page 7: Cumulative real growth ⌃ household financial asset wealth [astounding data across 5 regimes] Source | Strategic Economic Decisions, Inc. 1](https://reader034.vdocuments.us/reader034/viewer/2022051820/56649da75503460f94a92f2a/html5/thumbnails/7.jpg)
GDP growth, Gross debt to GDP ⌃ borrowing costs
Source | IMF, FactSet, Bloomberg, J.P. Morgan Economics, Barclays, J.P. Morgan Asset Management
7
![Page 8: Cumulative real growth ⌃ household financial asset wealth [astounding data across 5 regimes] Source | Strategic Economic Decisions, Inc. 1](https://reader034.vdocuments.us/reader034/viewer/2022051820/56649da75503460f94a92f2a/html5/thumbnails/8.jpg)
Average annual earnings ⌃ Highest degree earned
Source | Census Bureau, J.P. Morgan Asset Management
8
![Page 9: Cumulative real growth ⌃ household financial asset wealth [astounding data across 5 regimes] Source | Strategic Economic Decisions, Inc. 1](https://reader034.vdocuments.us/reader034/viewer/2022051820/56649da75503460f94a92f2a/html5/thumbnails/9.jpg)
Unemployment rate ⌃ Education level
Source | BLS, FactSet, J.P. Morgan Asset Management
9
![Page 10: Cumulative real growth ⌃ household financial asset wealth [astounding data across 5 regimes] Source | Strategic Economic Decisions, Inc. 1](https://reader034.vdocuments.us/reader034/viewer/2022051820/56649da75503460f94a92f2a/html5/thumbnails/10.jpg)
US Natural gas production ⌃
Source | EIA, IMF, FactSet, J.P. Morgan Asset Management
10
![Page 11: Cumulative real growth ⌃ household financial asset wealth [astounding data across 5 regimes] Source | Strategic Economic Decisions, Inc. 1](https://reader034.vdocuments.us/reader034/viewer/2022051820/56649da75503460f94a92f2a/html5/thumbnails/11.jpg)
US sources of oil and liquid fuels ⌃
Source | EIA, J.P. Morgan Asset Management
11
![Page 12: Cumulative real growth ⌃ household financial asset wealth [astounding data across 5 regimes] Source | Strategic Economic Decisions, Inc. 1](https://reader034.vdocuments.us/reader034/viewer/2022051820/56649da75503460f94a92f2a/html5/thumbnails/12.jpg)
12
Emerging economies poised to pass $3,000GDP per capita threshold
![Page 13: Cumulative real growth ⌃ household financial asset wealth [astounding data across 5 regimes] Source | Strategic Economic Decisions, Inc. 1](https://reader034.vdocuments.us/reader034/viewer/2022051820/56649da75503460f94a92f2a/html5/thumbnails/13.jpg)
CPI ⌃ Core CPI
Source | BLS, FactSet, J.P. Morgan Asset Management
13
![Page 14: Cumulative real growth ⌃ household financial asset wealth [astounding data across 5 regimes] Source | Strategic Economic Decisions, Inc. 1](https://reader034.vdocuments.us/reader034/viewer/2022051820/56649da75503460f94a92f2a/html5/thumbnails/14.jpg)
CPI ⌃ Core CPI
Source | BLS, FactSet, J.P. Morgan Asset Management
14
![Page 15: Cumulative real growth ⌃ household financial asset wealth [astounding data across 5 regimes] Source | Strategic Economic Decisions, Inc. 1](https://reader034.vdocuments.us/reader034/viewer/2022051820/56649da75503460f94a92f2a/html5/thumbnails/15.jpg)
Cumulative flows into stock and bond funds ⌃
15
Source | Investment Company Institute, J.P. Morgan Asset Management
![Page 16: Cumulative real growth ⌃ household financial asset wealth [astounding data across 5 regimes] Source | Strategic Economic Decisions, Inc. 1](https://reader034.vdocuments.us/reader034/viewer/2022051820/56649da75503460f94a92f2a/html5/thumbnails/16.jpg)
Benefits of diversification ⌃
16
Source | Thomson Reuters Investment View
![Page 17: Cumulative real growth ⌃ household financial asset wealth [astounding data across 5 regimes] Source | Strategic Economic Decisions, Inc. 1](https://reader034.vdocuments.us/reader034/viewer/2022051820/56649da75503460f94a92f2a/html5/thumbnails/17.jpg)
abacus
smart financial decisions
Annualized returns by asset class
![Page 18: Cumulative real growth ⌃ household financial asset wealth [astounding data across 5 regimes] Source | Strategic Economic Decisions, Inc. 1](https://reader034.vdocuments.us/reader034/viewer/2022051820/56649da75503460f94a92f2a/html5/thumbnails/18.jpg)
18