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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: November 2, 2021
After the shock and awe, round-tripping to financial disappointment
As the U.S. Fed huddles for another what-trick-do-we-try-next meeting, the much-theorized transmission mechanism for monetary policy remains apathetic. As shown below since 2010, the credit impulse (movement of credit through the banking system to the private sector) in the world’s … Continue reading
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