Saturday, January 11, 2020

An Economic Statistic From a Lefty

On MSNBC, Donny Deutsch told a panel of talking heads that only 10% of Americans own stock.

Lefties really have no idea what they are talking about.

Gallup found 55% of Americans reporting they own stock in April 2019, similar to the average of 54% Gallup has measured since 2010.


1 comment:

  1. The question was 'in the stock market' which to me at least is different from owning a couple shares of stock. Being in the stock market to me is actively trading stock, not simply having a 401K or owning a few shares of a company and holding it for years and years. For the person who owns a few shares of stock and/or has a modest 401K then QE's effects are likely net negative. The monetary inflation takes more value away from his savings and salary/wages than he gains back in stock value which may or may not be realized as a gain after taxes.

    The people who actively trade stock, whatever minority of the population that is, are the ones who benefit from QE provided they get out of the stock market and leave someone else holding the bag when the time comes.