Few economic reports really scare the hell out of us. But there was one report that shocked us deeply. So deeply, in fact, that we will deconstruct today for subscribers.
The reason? Well, here’s a good starting point: Between Q1 of 2025 and Q2—the period of this report—about 70 percent of the financial gains in Household Net Worth were attributable to increases in equities.
Here’s what people forget: What the bubbles giveth, they also over reasonable timeframes will taketh away.
Remember how grand Housing was in 2007 and 2008? And how in 2009—as the markets left skid marks on charts in March and April? Yeah—that’s a worry in here.
“Equities prices” require a “counterparty.” Which means in simple terms “Someone will pay what you think it’s worth.” In other words, a greater fool.
As luck would have it,
America’s the world leader in fool farming!
Digital currencies—with zero convertible (fungibles) at their core—seem to work great. But only so long as the power’s still on.
Same goes for a lot of things—even titles to homes are largely virtualized—so unless you have certified copies of lots of documents on hand, in fire-safe hidey-holes, good luck with establishing ownership.
We can skip right over that bank depositors are now “creditors in common” with others—that ship sailed years ago.
Naturally, we’re ready to “let the good times roll” (until they don’t) so the Bubble Check in the ChartPack is a historical limerick at its best…
Refill. Buckle up. Take a deep breath and click here.
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