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Cory’s Chart Corner
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Wildly asymmetric and unsustainable.
BREAKING: 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
Author Archives: Danielle Park
Danielle on CBC Weekend Business Panel
Here is a direct video link.
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AI bubble could destroy the economy
One of the currently underappreciated costs of the AI bubble is all of the resources and attention it is sucking away from other critical activities and investments. Gary Marcus, founder at Geometric Intelligence, joins BNN Bloomberg to discuss concerns around … Continue reading
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Asset bubbles are real life destructive–can we learn to stop the madness?
Located on the Gulf coast of Florida, Cape Coral has long been a haven for retirees, speculators and boom-bust real estate cycles. In the 2002 to 2006 property boom, debt-flush buyers pushed median home prices in the greater Lee County … Continue reading
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