June 11, 2021

HOUSEHOLD NET WORTH HIT RECORD HIGH ON FREE MONEY

By Nigam Arora & Dr. Natasha Arora

To gain an edge, this is what you need to know now.

Record High Net Worth

Please click here for a chart of Nasdaq 100 ETF ().

Note the following:

  • Thanks, Biden and Powell for the free money! The net worth of U. S. households has hit a new high of $136.9 trillion, up $5 trillion in the first quarter.
  • The foregoing is from the data released by the Fed. Yet Biden and Powell insist on more borrowing and more money printing on the pretext of COVID.
  • The chart shows that the momo crowd has been aggressively buying into the rally that started this morning.
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