US private sector financial assets are 6.0x larger than the ...
US private sector financial assets are 6.0x larger than the entire US economy, near the record of 6.3x.
The value of these assets has skyrocketed with the S&P 500 up nearly 25% since October 2023.
Even during the Great Financial Crisis, this ratio peaked at ~5.0x just before QE started in 2008.
After interest rates were slashed to zero and $4 trillion in stimulus was handed out, financial assets in the US have seen the largest surge in history.
As a result, with the top 1% of Americans now control a record 30% of all wealth in the US.
Those without hard assets were left behind in 2020.
The value of these assets has skyrocketed with the S&P 500 up nearly 25% since October 2023.
Even during the Great Financial Crisis, this ratio peaked at ~5.0x just before QE started in 2008.
After interest rates were slashed to zero and $4 trillion in stimulus was handed out, financial assets in the US have seen the largest surge in history.
As a result, with the top 1% of Americans now control a record 30% of all wealth in the US.
Those without hard assets were left behind in 2020.
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