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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: August 10, 2016
Fears for pensions? I’ll say!
The central bank forced-yield crush continues to wreck havoc in the real world. When will we the people, and real economy, get our central banks and their finance cohorts to heel? The wreckage from this epidemic of policy hubris is … Continue reading
Asset prices growing ‘ever more bizarre’
An article from the Wall Street Journal this morning offers some key insight about asset prices today. The article is speaking about the garish impact that central bank herding is having in driving interest rates to zero and below in … Continue reading
Central banks accelerating madness and mayhem in markets
From madness to even more madness, central banks keep driving herded capital off the edge of all reason…the effect is imploding wealth, not increasing it. The Bank of England’s expanded quantitative-easing program ran into a stumbling block on just its … Continue reading
