The good economic news is actually bad. Here’s why.
”Between 2008 and the third quarter of 2017, the net worth of U.S. households surged from $56 trillion to $97 trillion (Good news? Remember, that’s an oxymoron), but “previous busts — in the mid-2000s and the late 1990s — were preceded by periods of rising asset values and especially low saving.”
Thoughts originally recorded for posterity in DayONE in early 2018 - and now here as part of my migration and consolidation.