Household Networth As % Of Disposable Income Vs. Personal Savings

As each progressively larger bubble (post 1995) inflates the imaginary net worth of households, real savings plummet. These metrics diverge the most right before the bubble bursting & resulting #recession ensues

“Current US yield curve points toward >50% probability of a significant growth slowdown in H2 2019, Nomura says. Maybe yield curve is a bit distorted owing to a smaller term premium. Investors would be foolish not to pay attention, Nomura said,” h/t @Schuldensuehner