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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: December 29, 2021
Fed induced asset bubbles have a history of bad endings
Valuable historical context for the Fed’s bubble-blowing antics in this Politico article around former FOMC member and QE dissenter Thomas Hoenig. See The Fed’s Doomsday Prophet has a Dire Warning about Where We are headed. Here’s a taste: As a … Continue reading
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