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The median home price in the U.S. is six times the median annual income3—fifty years ago it was two times—and the share of first-time buyers4 is barely half the historical average and the lowest on record. Medical debt is the leading cause5 of consumer bankruptcy; half of American adults would not be able to cover a $500 medical bill without taking
... See moreScott Galloway • The Algebra of Wealth: A Simple Formula for Success
Soaring debt and deficits causing worry about threats to the economy and markets
cnbc.com
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Michael Lewis • Going Infinite: The Rise and Fall of a New Tycoon
On the morning of May 11, 2021, Sam Bankman-Fried made his first television appearance. He sat at his trading desk and talked into his computer screen to two female reporters on Bloomberg
Michael Lewis • Going Infinite: The Rise and Fall of a New Tycoon
the housing market is a fairly small part of the financial system. In 2007, the total volume of home sales in the United States was about $1.7 trillion—paltry when compared with the $40 trillion in stocks that are traded every year. But in contrast to the activity that was taking place on Main Street, Wall Street was making bets on housing at furio
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