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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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Monthly Archives: June 2011
David Stockman: EU crisis is the new subprime on a global scale
David Stockman points out that banks and lax monetary policy have been the great enablers of our present lunatic situation.
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Never mind more bailouts, Greece can’t pay it’s debts
“Hopes for a Greek bailout were dashed this weekend, or at least deferred, as EU finance ministers delayed approving a $17 billion package slated for July. The $17 billion tranche was part of the original 110 billion euro ($154 billion) … Continue reading
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