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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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Monthly Archives: June 2011
Infastructure rebuild is a no brainer for US job growth
In all the hand-wringing and panic about how to rebuild stability in the financial system and growth in the US economy, there are two ideas that are clear as water and should be actioned without further delay. First, re-separate banks … Continue reading
Former Inspector General for TARP: 5 trillion in bailouts will be needed in next leg of crisis
“Dan Rather Reports” presents an in-depth interview with Neil Barofsky, who recently stepped down as the Special Inspector General for TARP, more commonly known ; as the $700 billion dollar taxpayer bailout of the country’s biggest banks. Barofsky warns that … Continue reading
Bringing leverage back down to earth
For some time now I have been talking to my kids about the key strengths of democracy: a written constitution, basic rights and freedoms, the social contract and the rule of law. Ignorance is our greatest weakness. Unless we can … Continue reading
