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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: October 2011
Living through upside down times
We are living in some very strange times. Humans have intervened, manipulated and tried to cover up mathematical facts for so long that many historical relationships are now broken and distorted beyond recognition. Take money, for one. Most of the world is … Continue reading
Bear market boogie: TSX retesting resistance again
The TSX is moving back toward resistance on this latest rally. If only the recession was priced in already…sadly, markets have never made a lasting bottom until after the recession has been confirmed in retrospect. This time different?? Source: Cory … Continue reading
Mathless thinking pervasive
John Hussman is one of the few useful thinkers on the numbers behind mainstream mindlessness on bank bailouts. His letter this week is worth reading. Here are some of the highlights: -“…among the most important research coordination that government provides … Continue reading
