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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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Category Archives: Main Page
Rethinkx: simultaneous mass disruptions now unfolding
In the fifteen years between 1907 and 1922, horses went from providing 95% of all private vehicle miles travelled on American roads to less than 20% (see chart below). But since cars travel a far greater distance per year than … Continue reading
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China exporting deflation to the world
China’s economy is teetering on the brink of widespread deflation—a scenario that could cause even more problems than high inflation. We look at Japan’s “lost decade” to explain why China’s economy is struggling and what it means for the global … Continue reading
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Danielle’s bi-weekly market update
Danielle was a guest with Jim Goddard on Talk Digital Network, talking about recent developments in the world economy and markets. You can listen to an audio clip of the segment here. Something is rotting in the land of credit…
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