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Cory’s Chart Corner
In both directions. h/t @LanceRoberts
This 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.
Monthly Archives: September 2017
Who’s this ‘middle class’ anyway?
For someone with hundreds of millions of dollars, like ex-Goldman alumnus Cohn, $30 to $45k is a rounding error. But for a so-called financial wizard advising the government purportedly on how best to ‘help the middle class’, it’s revealing and … Continue reading
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Why do so many smart people not see incoming ‘disruption’ and change?
Joseph Schumpeter popularized the economic concept of ‘creative destruction’ in the 1950’s and spoke of the vigorous push back from threatened incumbents: “To undertake such new things is difficult and constitutes a distinct economic function, first because they lie outside … Continue reading
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Kass: Investors learned nothing from history
Self-delusion and wilful blindness, how great thou art. See: Investors Seemingly Learned Nothing from History: “…I am blinded by a sense of history…In our flat, interconnected and networked world, the odds favor less stability over more stability. To this observer … Continue reading
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