Former Senator Alan Simpson (co-chair of the Simpson-Bowles commission on debt) says if the U.S. doesn’t cut its debt, the markets will eventually demand higher interest rates and the “little guy” will get the “green weenie”.(green is a curious color choice here to be sure, LOL). But I always appreciate Simpson’s candor.” Here is a direct link.
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Cory’s Chart Corner
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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