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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: September 2015
Commodity exporters unite?
Times are tough for commodity exporters everywhere and Brazil is leading the pack. Having officially admitted it is in recession last month (forecast to be the nation’s worst since the 1930’s), today Standard and Poor’s cut the country’s credit rating … Continue reading
DOJ takes step towards individual accountability
The US Department of Justice has finally been embarrassed enough to initiate guidelines for investigating individual actors that have been freely breaking laws behind the veil of corporations. It’s a sad statement that this is a new policy, but it’s … Continue reading
Credit pumping has purchased global secular weakness
Aging demographics in the world’s wealthiest countries have long been leading to lower demand and slower growth. To delay that inevitability, the world’s financiers and central bankers devised strategies to pump ‘all you can eat credit’ into the world. That … Continue reading
