Tag

Wealth Divide

Jun 05

The Gathering Divide

By Blog
Below are the changes in share of net worth for the following socioeconomic categories between 1990 and the end of 2025: Bottom 50%: -26% 50-90%: -18% 90-99%: -4% Top 1%: +39% Top 0.1%: +67% It’s not so much the share of wealth that matters most—it’s a common debate where the optimal level should be—but rather the direction of that share over time. Those categories at the top of the economic strata that hold the bulk of financial assets tend to be held in check by recessions and market corrections...until they figure out how to commandeer government institutions to minimize them…
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Apr 15

Market Fireworks – What Now?

By Blog
As of the moment I’m rapping on these keys, the market as measured by the S&P 500 is down roughly -5% so far this year, with its peak to trough drop of around -12% happening from mid-February through mid-March. That’s been enough to get some people anxious that declining portfolio balances could get worse, while others, with plenty of support from financial media, are viewing this decline as an opportunity to buy more of their favorite stocks cheaper. Only time will tell which group is correct with respect to this particular decline and over a short timeframe, but as we…
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