(1) Americans collectively are richer than ever. (2) Record wealth-to-income ratio. (3) Americans own lots of equities directly and indirectly. (4) Biggest asset for households is value of their pension entitlements. (5) Homeowners and small business owners prospering too. (6) State & local pensions are 48% unfunded, while private pensions are fully funded. (7) Home mortgage debt has been flat since the Great Financial Crisis. (8) Fed data cast doubt on three common myths about nonfinancial corporations. (9) Draghi’s swan song: All he is saying is give MMT a chance.
End of free preview
Ed's complete analysis, every chart linked, and the archive back to 2009.
Individual investor? Ed's QuickTakes are available for personal use at yardeniquicktakes.com →