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In both directions. h/t @LanceRoberts
Lance Roberts @LanceRobertsThis is really pretty incredible.
US household holdings of equities and mutual funds reached a record 278% of disposable personal income in the second quarter of 2026, up from just 29% in 1982, amplifying the stock market’s influence on consumer spending and economic activity._________________________
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“An explosive critique about the investment industry: provocative and well worth reading.”
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Daily Archives: August 19, 2009
Bob Shiller on the recovery and animal spirits
Shiller was on CNBC this morning taking about the possibility that this economic recovery may be exceptionally weak for years to come: “”It's clearly not over yet,” he said. “It's not obvious that people are really ready to spend again. … Continue reading
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BNN this morning at 8:35 am
Ms Park was a guest this morning on BNN with Michael Kane at 8:35am. A clip of the show is available on the BNN website.
