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Load MoreWildly asymmetric and unsustainable.
The Kobeissi Letter @KobeissiLetterBREAKING: The wealthiest 1% of US earners now own 50.1% of US equity and mutual fund holdings.
To put this into perspective, their ownership stood at 40.1% in 1990 and 39.6% in 2001.
At the same time, the next 9% wealthiest households own 37.3%, and the middle 40% own just_________________________
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Daily Archives: September 29, 2025
Credit bubbles cost fortunes in the end
Years of reckless lending and borrowing are nearing another predictable end: surging defaults and losses. As Oaktree Capital Management’s co-chair and credit specialist, Howard Marks, has noted: “The worst loans are made at the best of times,” when credit and optimism … Continue reading
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