Geez…all roads seem to lead to skewed distributions, be it: 1) household wealth ; 2) excess reserves held by a few large SIFI banks, and, 3) stock market returns (narrow breadth). Not healthy.
Geez…all roads seem to lead to skewed distributions, be it: 1) household wealth ; 2) excess reserves held by a few large SIFI banks, and, 3) stock market returns (narrow breadth). Not healthy.
Handy graphic from #EvercoreISI showing highly-concentrated returns for S&P
(Past performance is no guarantee of future results) pic.twitter.com/VUDIh9U2c5— Liz Ann Sonders (@LizAnnSonders) November 22, 2019
In economics, things take longer to happen than you think they will, and then they happen faster than you thought they could.