This article offers important perspective on the unraveling of the largest real estate bubble on planet earth today. Those hoping that China will rescue the west, should take note: China has some major headwinds of its own. See Shanghai homeowners smash showroom in protest over falling prices.
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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.
No white knight for China…..is the last chapter about to be written?
…..”stocks will continue to go up and down like yoyo’s. We keep an eye on fundamentals, and fundamentals have just started to deteriorate.”….Jim Chanos
http://www.bloomberg.com/video/79081596/