Aug. 9 (Bloomberg) — Harvard University’s Kenneth Rogoff talks about Standard & Poor’s decision to downgrade U.S. debt and its implications for the nation’s economy and central bank monetary policy. Rogoff also discusses the outlook for the global financial markets, China’s economy and European Central Bank monetary policy. Watch the clip here.
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Cory’s Chart Corner
In both directions. h/t @LanceRoberts
This 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.
