DIRECTED CREDIT
Real-time debt figures from the US Department of the Treasury.
Capital markets
The transmission layer between policy and price.
Real assets and risk appetite in one pass.
As of 7/30/2026 · YoY +8.3%
80.4% of total
19.6% of total
Higher = stronger funding incentive for global JPY-funded carry trades. Sustained reversal (BOJ hike + Fed cut + JPY rally) is the 2024-style unwind risk.
| Country | Bank | Rate |
|---|---|---|
| 🇺🇸United States | Fed Funds Effective | 3.63% |
| 🇪🇺Eurozone | ECB Deposit Facility | 2.00% |
| 🇯🇵Japan | BOJ Policy Rate | 0.75% |
| 🇬🇧United Kingdom | BoE Bank Rate | 4.25% |
| 🇨🇳China | PBoC 1Y LPR | 3.10% |
| 🇨🇭Switzerland | SNB Policy Rate | 0.25% |
| 🇨🇦Canada | BoC Overnight Rate | 2.75% |
| 🇦🇺Australia | RBA Cash Rate | 3.85% |
| 🇮🇳India | RBI Repo Rate | 5.50% |
| 🇧🇷Brazil | BCB Selic | 14.75% |
| 🇹🇷Turkey | TCMB 1W Repo | 46.00% |
| Country | GDP (USD) | Inflation (CPI) | Unemployment |
|---|---|---|---|
| 🇺🇸United States | $30.77T2025 | 2.9%2024 | 4.2%2025 |
| 🇨🇳China | $19.50T2025 | 0.1%2025 | 4.6%2025 |
| 🇯🇵Japan | $4.44T2025 | 3.2%2025 | 2.5%2025 |
| 🇩🇪Germany | $5.05T2025 | 2.2%2025 | 3.7%2025 |
| 🇬🇧United Kingdom | $4.00T2025 | 3.9%2025 | 4.7%2025 |
| 🇮🇳India | $3.96T2025 | 2.4%2025 | 4.2%2025 |
| 🇫🇷France | $3.37T2025 | 0.9%2025 | 7.5%2025 |
| 🇧🇷Brazil | $2.28T2025 | 5.0%2025 | 6.0%2025 |
Industrial electricity · GlobalPetrolPrices.com · Q4 2025
European Energy Crisis
EU industrial electricity costs are 2-3x higher than USA and 3-4x higher than China. Manufacturing exodus accelerating.
Manufacturing powerhouse
Baseline comparison
Post-Fukushima costs
Industrial subsidies
Energiewende costs
Highest in G7
Manufacturing hub advantage
Deindustrialization driver
The Energy Arbitrage: A factory paying $0.285/kWh in Germany vs $0.096/kWh in China faces a 197% cost disadvantage on electricity alone. For energy-intensive industries (steel, aluminum, chemicals), this delta makes European production economically unviable. The result: permanent industrial capacity migration to Asia and the Americas.
