A massive wave of U.S. corporate debt, issued in 2020-2021 and largely used for stock buybacks, is due for rollover in the second half of 2024 and the first half of 2025.

China is currently running an annual trade surplus of $1.1 trillion.

Economic growth outside of the U.S. is expected to outperform growth within the U.S.

Japan and South Korea are expected to accept any trade deal proposed by the U.S. because of their dependence on the American security umbrella.

Brazilian 10-year inflation-protected bonds (TIPS) are currently yielding 8% in real terms, while nominal 10-year bonds yield 15% with inflation at 4.5%.

The 15-year period of U.S. economic and market exceptionalism is coming to an end.

For the past 6-7 years, China's economic policy has directed capital towards industry to build resilience against U.S. tech and semiconductor restrictions, while discouraging lending to real estate an...

The global fiscal landscape has inverted, with the U.S. now pursuing fiscal consolidation while China and Europe are increasing fiscal stimulus.

Canadian and European pension funds are expected to face political pressure to repatriate capital from the U.S. back to their home markets.

Over the past 6-9 months, China has enacted a major policy shift to promote domestic consumption, moving away from its prior focus on industrial investment.

Recent U.S. tariff policies have largely spared Latin America, applying a blanket 10% rate and exempting key commodity exports like copper, silver, and lithium.

Chinese distressed debt is currently trading at 10 cents on the dollar, down from 50-60 cents before the Russian invasion of Ukraine, due to a perception that China is uninvestable.

A traditional 50/50 portfolio of the S&P 500 and long-dated U.S. Treasury bonds (TLT) has lost 22% in real terms over the past three years.

An estimated 70-80% of products sold at Home Depot are sourced from China.

There is a significant risk of a global margin call due to hidden leverage from trillions of dollars worth of structured products sold by private banks to wealthy clients over the past decade.

Louis Gav predicts the ultimate U.S.-China negotiation will be a sphere-of-influence deal where China exits the Americas in exchange for the U.S. exiting Asia.