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US vs. UK stocks: annual 10-year total return differentials

US vs. UK Stocks Annual 10-Year Total Return Differentials.png

National debt as fraction of GDP

National debt as fraction of GDP.png

Annual returns of the Bloomberg Barclays Municipal Bond Index, 1996-2018

Annual returns of the Bloomberg Barclays Municipal Bond Index, 1996-2018.png

New median home prices since 1963 inflation adjusted

New Median Home Prices Since 1963 Inflation Adjusted.JPG

30-year yield vs. Fed funds rates spread

30-Year Yield vs. Fed Funds Rates Spread.png

Yields on municipal bonds are compelling

Yields on Municipal.png

Duration risk compensation: municipals vs. treasuries

Duration.png

Federal housing finance agency house price appreciation on, since 2016

Federal Housing.png

Average effective tax rate

Average Effective.png

Net migration

Net Mitigation.png

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