Faber, editor of the “Gloom, Boom & Doom Report,”believes that rising American inequality is a result of the Fed’s actions”. He also explains that repeated Fed intervention has led to higher inflation in necessities like housing and oil which further harm and diminish the standard of living of American households. Here is a direct video link.
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Cory’s Chart Corner
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The Kobeissi Letter @KobeissiLetterBREAKING: US margin debt jumped by +$112 billion in May, to a record $1.42 trillion.
This marks the 2nd consecutive monthly increase, totaling +$195 billion.
Margin debt has surged +$495 billion, or +54%, over the last 12 months.
Adjusted for inflation, this metric rose +7.9%_________________________
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