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In both directions. h/t @LanceRoberts
Lance Roberts @LanceRobertsThis 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._________________________
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Creating your best future
Happy Friday! Keep Looking up! In this episode, my guest is Ari Wallach, most recently an adjunct associate professor at Columbia University’s School of International and Public Affairs and host of a new TV series titled A Brief History of … Continue reading
Oversized rate cuts: red alert
Four easing cycles have seen the Bank of Canada deliver larger than 25 basis point rate cuts at a time: 2001, after the US dot-com bubble and Sept. 11 attacks; during the global financial crisis; in the COVID economic shock … Continue reading
The trouble with central bank rate cuts
On September 18, the US Fed cut its overnight target rate by 50 basis points (bps), and risk markets went wild. Stock and corporate debt prices have risen to more all-time highs, and real estate bulls rejoice that lower interest … Continue reading
