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Equities went up 5x over that time period. Of course it exacerbated the difference in equity holdings. Had equities gone down 50% over that time period, we'd ha
by danielmarkbruce 3y ago
Equities went up 5x over that time period. Of course it exacerbated the difference in equity holdings. Had equities gone down 50% over that time period, we'd have seen the opposite.
- bmitc 3y agoThat doesn't follow.
- danielmarkbruce 3y agoIt does when you consider a good chunk of people have 0 at the start... and new people come in but less people "leave" when the market is going up rapidly. Households is not a static pool. If that doesn't compute... look at the chart in the article. Is it just a strange occurrence that the chart almost perfectly follows the stock market itself? That magical dip in 2008... ? This is basic math. The article is bs.