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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
The unending Canadian housing boom?
The average rate on a common fixed-rate mortgage in Canada was a record-low 1.97 percent at the end of 2020. This, along with taxpayer-backing that enables minimal down payments, has helped propel Candian home prices and household debt to world-leading … Continue reading
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No market for sober thinkers
Market pricing is driven by irrational impulses when math and risk-assessment have no place in the allocation decisions being made. The present financial climate is a textbook episode where sober thinking is decried as out of step and worse. With … Continue reading
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Risk-seeking drives yields higher only until risky markets croak
With the US 10-year treasury yield pushing through 1.62 today, bond prices are in retreat and the yield back to where it was in early February 2020. It’s as if the pandemic never began. That is, except for all death … Continue reading
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