The stock market has soared in recent years on the back of artificial intelligence. According to a recent JP Morgan study, the stocks of companies tied to AI have accounted for about 75% of the S&P 500's returns since November 2022 when Chad GPT launched. But not everyone has participated in the AI stock boom.The richest 20% of US households own about 93% of all stock according to a New York University economist. In other words, poorer households have largely sat on the sidelines as the stock market has cli ...

Economic Overview - The current economic landscape presents a mixed picture, characterized by significant liquidity and wealth in certain sectors while others face challenges [2][4] - The disparity in wealth distribution is evident, particularly between the top 1% of income earners and the bottom 60% of the population, leading to different economic conditions and issues [3][4] Monetary Policy Implications - There is skepticism regarding the effectiveness of monetary policy in addressing economic imbalances, with concerns that lowering interest rates may not yield the desired outcomes [5][7] - The artificial lowering of interest rates creates an imbalance, making borrowing attractive while discouraging asset holding, which could exacerbate existing disparities [6][7] Market Dynamics - The economy is described as diverse, with varying conditions across different segments, indicating that a one-size-fits-all approach to monetary policy may not be appropriate [4][7] - The need for discipline in monetary policy is emphasized, suggesting that current approaches may not adequately address the underlying issues in the economy [7]

We're living through the roaring '20s for asset owners, and the Great Depression for the asset-poor, particularly young people.Allocate to bitcoin like your life depends on it. ...

Income Disparity - High-earners are experiencing improved financial conditions [1] - Older Americans are faring better than ever [1] - Low-wage workers are facing declining fortunes [1] - Young workers are experiencing a slide in their financial situation [1]