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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
Repurposing and repricing real estate
Between 2010 and 2022, increasingly slack monetary conditions added trillions to the global money supply, and it was all looking for something to do. Some flowed into ideas and efforts to improve life on Earth. A lot more was thrown … Continue reading
Sober time
After debauchery comes the hangover; this one is far-reaching. Demand for pricey timepieces from the top Swiss brands has cooled amid slowing economies, higher interest rates and the crash in cryptocurrencies, according to data compiled by London-based Subdial, a dealer … Continue reading
Bonds due to outperform
Good macro discussion in this segment. Alfonso Peccatiello, Founder of The Macro Compass, explains the last variables that have to weaken before a recession can be declared in the U.S. Abroad. China is facing a population crisis, with its workforce … Continue reading
