A huge disaster looms ahead as the Wall Street bubble is poised to burst: Americans now have more money invested in stocks than ever before, according to Federal Reserve data. At the same time, the consumption that drives the economy’s growth is being driven by the top 10% of households, who account for just under …
Tag: S&P
The Painful lessons of a three-decade Stock Market Disaster
Japan’s Nikkei 225 is on the verge of surpassing its all-time highs of 1989, ending a 34-year drought for investors in the Land of the Rising Sun. That in itself is cause for celebration on the one hand but also a deeply flawed way of understanding how markets work – both in Japan and everywhere …