commodities - Page 15

This chart is showing one big message: the world is slowly holding less of its reserves in US dollars. Think of global foreign exchange reserves as the emergency savings account of central

This chart is a simple picture of a very big global shift. It shows electricity generation in China versus the United States over time, measured in terawatt-hours. The US line is mostly

This chart shows one of the most important quiet shifts in the global macro story. Central banks have been buying gold at a pace that stands far above the old normal, and

This chart shows the long arc of US public debt outstanding, stretching from the early 1900s all the way to a projected 2036 level of 64 trillion dollars. The shape is the

This chart tracks who has been financing America’s debt market over the last two decades. And the big reveal is not just that foreign ownership changed. It is who changed, and what