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Cash yields typically decline sharply following the Fed’s final hike


There have always been reasons to sell, but markets have been resilient


Bonds have benefited as Fed neared end of rate hikes


Stocks and Bonds Have Outpaced Cash After a Fed Hiking Cycle

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

Venture Capital vs. Private Equity Returns and Volatility (1981-2022)

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