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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: December 2021
Central bank worship moving toward predictable end
This week central banks are responding to political pressure around price inflation (lagging economic indicator) with accelerated monetary tightening plans. The central bank of Norway (Norges) doubled its policy rate to .50%, the Bank of England ended its bond-buying program … Continue reading
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Financial conditions tightening into consumer-led slowdown
Today, Fed chair Powell will try to appease political pressure to “do something!” about inflation caused by supply-side shocks (which are already resolving themselves) and asset markets loco on the irrational belief that central banks won’t let asset bubbles burst. … Continue reading
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Misplaced confidence melts with misallocated capital
The last 18 months have been the zenith of two decades of monetary madness and speculative mayhem. For the few possessed of fundamental and historical context, conditions have been both amazing and disturbing to behold. Fear of missing out (FOMO) … Continue reading
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