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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
Sharp reflation is not the same as inflation
Persistently high inflation can reduce buying power for households when comparable increases in wages do not offset it, and wage growth has been flat for years. However, the greater fear for central banks is that persistently low inflation, disinflation, and … Continue reading
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Bullish consensus helps off-load junk to undiscriminating buyers
A few recent charts, courtesy of DailyShot.com, offer clarity on where we are in the present financial cycle. According to data from BofA, central bank and government injections (backed by taxpayers) encouraged more than half a trillion dollars to flood … Continue reading
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Markets on fire
This is the front cover of the local Barrie Advance paper delivered to our driveway yesterday morning. Wowza!! Then again…the Canadian stock market is up 69% in the past year (if you measure from the crash low in March 2020). … Continue reading
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