Credit & Wealth

Check out the accompanying pdf and chart collection. (1) Jamie Dimon’s warning and positive spin. (2) Credit card debt and business loans are down. (3) Loan losses are MIA. (4) Corporations have lots of bond debt and lots of cash. (5) Lots of homeowners with lots of homeowners’ equity. (6) Household net worth rose to a record high along with stock market and home prices during the pandemic. (7) The 1% have been getting wealthier faster thanks to their equity portfolios. (8) Residential real estate and pension entitlements are more equitably distributed. (9) The Millennials will inherit lots of wealth. (10) Billionaires aren’t like the rest of us.