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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: May 2016
The rise of finance and the fall of business
Further to my recommendation here of the Times article, Our economic illness has a name: Financialization, I am now finishing the author Rana Foroohar’s new book: Makers and Takers, the rise of finance and the fall of American business and … Continue reading
‘Keep it in the ground’ movement spreading
Phase or self-preserving evolution? Here is a direct video link. Earth’s Relentless Warming Just Hit a Terrible New Threshold https://t.co/Tsmxe1LYTS via @business — Reed Landberg (@rvlandberg) May 18, 2016 Also see: Almost everything you know about climate change solutions is … Continue reading
Lessons of the fall
Every levered boom ends in bust–every one. Whether it be Japan in the late 1980’s, the tech driven stock frenzy of the late 1990’s, America’s housing bubble of the mid 2000’s or China’s boom and the commodities bubble that followed. … Continue reading
