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Stocks, not houses, have been the largest single asset on household balance sheets for a while — and the gap is widening #Axios
Episode #168 with Lindy Claassen from Brown Shipley is now live!
We talk about women investors, redefining wealth, the Great Wealth Transfer and why we need more women to back female founders.
Please enjoy! Listen on Spotify+ (links below) 👇
"...By the numbers: Americans' wealth jumped by $12.8 trillion in the second quarter, per Fed data, led by a nearly $11 trillion gain in stock holdings and other financial assets (see chart). That's the biggest single quarterly increase, in dollar terms, on record..."
#Axios
…The 10-year rate rose almost 17 basis points to 5.13%, the highest since 2007. The yield on the maturity, a benchmark for everything from mortgages to global corporate bonds, is heading for its seventh straight monthly increase, matching the longest climb since 2011… #Bloomberg
Jana Hlistova retweeted
Our latest research paper explores the growing connection between AI and digital assets and explains why broad AI adoption may drive new demand, utility and applications across the digital asset economy. blackrock.com/us/individual/…
Both things can be true at the same time: slowing growth in AI companies and concern for safety.
Why not use this time to hone in on safety, and get it right?
You can 100% support AI safety, believe we need to slow down frontier development, and still be an avid believer in, and investor in, AI.
The two are not mutually exclusive.