The Greater the Stock Bubble, the Less Monetary Theory Holds

By |2014-08-26T16:42:10-04:00August 26th, 2014|Economy, Federal Reserve/Monetary Policy, Markets, Stocks|

The actual total accumulated balance for margin debt in reported stock accounts fell in July from June’s record amount. But even with a decline in stock-related debt investors moved even further toward complacency, as declines in free credit and available cash more than outpaced the drop in margin. As a result, net worth has never been lower as we have [...]