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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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Daily Archives: June 8, 2016
Happy World Ocean Day
Join Jack Johnson and many others around the world who are riding the Wave For Change! Take the #WaveforChange challenge and take action for the ocean by recording a video of yourself making a promise and doing the wave. Maybe … Continue reading
World Bank cuts growth forecast (again) to lowest since 2008
The World Bank slashed its 2016 global growth forecast on Wednesday (for 5th consecutive year) to 2.4% from the 2.9% estimated in January due to stubbornly low commodity prices, sluggish demand in advanced economies, weak trade and diminishing capital flows. … Continue reading
The future of banking: losses on ‘investors’ not taxpayers
Keynote speech by Sir Paul Tucker, Chair of the Systemic Risk Council, Fellow at the Harvard Kennedy School and former Deputy Governor of the Bank of England: “Solving the too big to fail problem is a necessary precondition to starting … Continue reading
