That piece contains an excellent chart of U.S. private sector financial assets as a % of GDP.
This is another way of visualizing the household wealth bubble that I've discussed so much.
Financial assets have become incredibly inflated due to ultra-low interest rates & QE.
If you want to understand the growing rich-poor gap (and why it is NOT the fault of capitalism), please check out the archive of my site Explaining Capitalism:
The mainstream media & economics world only wants to hear your message if you are coming from a Keynesian (pro-Fed & money printing) or leftist perspective.
If you are pro-capitalism and free markets, you are shunned into oblivion. That's my story.
"Experts have seen an increase in the frauds, many of which are preying on investors who feel they lost out on the market gains of the last few years."
"The 24-year-old founder of Virgil Capital, which ran two cryptocurrency hedge funds, admitted to duping investors out of almost $100 million and using the money to support a lavish lifestyle."
Houston ended last year with a 24% office-vacancy rate, the highest of any major U.S. city. After years of construction to accommodate an oil boom that’s now gone bust, buildings are sitting empty, values are plunging and mortgage defaults are piling up.