December 15, 2018

84% of stocks owned by richest 10% of Americans

“Every time Trump reminds you that the stock market has experienced a feverish, tubercular bloom under his presidency, just recall that 84% of stocks are held by 10% of Americans.”

Cory Doctorow

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gah “Sheryl Sandberg and Lean In are starting to look like Ivanka Trump and Women Who Work, just privileged posers and empty rhetoric.” Stowe Boyd

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The Yield Curve Has Inverted! “That all makes sense, but why do investors think the Fed will shortly be reducing interesting rates? Because a recession is coming.” Kevin Drum