As business media spends the day hyping up the magic expected from today’s 2pm announcement from Fed ‘oracle’ Janet Yellen, investors would be wise to keep some math and reality about us. The finance machine continues to gorge on taxpayer purchased donuts and leave the public holding the holes. This segment with Better Markets President Dennis Kelleher does an excellent job of refocusing attention on to salient issues, see my previous post: Better Markets President on finance parasites.
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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.
