Household Wealth = $100.8 Trillion Dollars

Household Net Worth, June 2018 click for ginormous chart Source: Financial Accounts of the United States – Z.1   This is an astonishing number! Fed Z1: The net worth of households and nonprofits rose to $100.8 trillion during the first quarter of 2018. The value of directly and indirectly held corporate equities decreased $0.4 trillion and…

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10 Friday AM Reads

My end of week morning train reads: • The contrarian wisdom of George Costanza (Economist) • The NFL’s Next Billionaire Owner Won’t Be a Person (Institutional Investor) • Feynman’s Hack and the Map of the Cat (Safal Niveshak) see also When Everything Clicks: The Power Of Judgment-Free Learning (NPR) • «The swamp is alive and well» (Finanz und Wirtschaft) • Please don’t rate your waitress…

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Argentina agrees to $50bn loan from IMF amid national protests

Outcry as country requests assistance from international lender after peso plummets

The International Monetary Fund has stepped in to shore up the Argentinian economy with a $50bn (£37bn) loan agreement.

Argentina requested assistance from the international lender of last resort on 8 May after the peso weakened sharply in an investor exodus from emerging markets.

Related: Markets fall ahead of G7 meeting; BT CEO quits – business live

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