Long-term bonds of blue-chip companies are at 50-60 cents on the dollar, with over 5% cash yields and 6%+ YTM. These are great for rebalancing a 401k.

Debt isn't a real issue. The top 1% could retire it and still have 4x the net worth of the bottom 50%.

The top 1% could retire the national debt and still have 4x the net worth of the bottom 50%.

When Republicans and tech bros try to convince you that interest rates are rising because of our national debt, remember that the top 1% alone could cover it and still have 4x the net worth of the bottom 50%.

In the 2nd quarter, U.S. household net worth increased by $12.5 trillion. How much was that per household on average? ⚫️$20.7 M for top 0.1% ⚫️$2.3 M for rest of top 1% ⚫️$389,000 for rest of top 10% ⚫️$44,013 for 50th-90th ⚫️$1,900 for bottom 50% federalreserve.gov/releases/…

A couple of slides showing where the economy is now vs. when Trump started. Red indicates we're worse off than January 2025.

Join us for a 2-hour economics discussion tonight starting at 7pm CT. My co-presenter and I will cover the federal budget situation; latest CBO report on income inequality; the annual Census reports on income, poverty and healthcare coverage; and the Fed Survey of Consumer Finances. nwsofa.org/calendar/join-the…

The top 10% got $10 trillion richer last quarter; the bottom 50% got $0.1 trillion richer.

The deficit would have been lower in FY2025 than 2019 if it weren't for higher interest costs.