United States Household Equity Holdings
by gorillaz0e Graph of this issue: https://pbs.twimg.com/media/DpPfBzeWsAYAwaJ.jpg US Households have been holding a very high proportion of their wealth in equities — a level only once seen in 1968 and for several quarters in the late 1990s. Such a high exposure has historically been associated with very disappointing subsequent 10-year total returns. Those of you who … Read more