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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: February 13, 2020
Thomas Piketty on Capital and Ideology
Economist and author Thomas Piketty has a new book coming out in March called Capital and Ideology. His research on economic and social history is detailed and thought-provoking. A print interview with Piketty ran in NewStatesman here “Thomas Piketty: There … Continue reading
Rosenberg on buyback craze and present risks
Prudent risk managers have long since left the burning building. Those still in stocks are either risk-blind, reckless or planning to hold always even as capital evaporates. Most will liquidate after large losses when cash is short and redemption requests … Continue reading
The Agenda: The future of food
How is climate change effecting the world’s food system? Climate models show crop production will decline every decade due to drought, heat, and flooding. And some of our tastiest foods may be in peril – including cherries, coffee, cacao, wine … Continue reading
