The Debt-Inequality Cycle
you are currently viewing::The Debt-Inequality CycleMarch 24, 2026-During the Great Depression, as he saw ordinary people's purchasing power collapse, Federal Reserve Chairman Marriner Eccles warned that excessive saving by the rich was draining demand and deepening the downturn. "To protect them from the results of their own folly," Eccles told the Senate in 1933 testimony, "we should take from them a sufficient amount of their surplus to enable consumers to consume and business to operate at a profit." Inequality in the US was then extremely high: The top 1 percent held roughly 42 percent of all wealth. Within a decade, however, the landscape changed dramatically. World War II mobilization and progressive taxation reduced inequality and restored balance between spending and production. The underlying problem that Eccles emphasized faded from public memory as the US economy entered a long period of sustained and more equitable growth. Source: imf.org |
July 30, 2026--Overview
Global activity is showing tentative signs of improvement, with forward-looking indicators pointing to a gradual strengthening, supported by firmer services activity.
Inflation concerns persist, even as some recent readings have shown signs of easing, reflecting the decline in commodity prices in June and a moderation in supply chain pressures.
July 28, 2026--Quantitative trading firm migrates high-intensity training workloads to CoreWeave's purpose-built AI cloud
CoreWeave, Inc. (Nasdaq: CRWV), The Essential Cloud for AITM, today announced that Flow Traders, a leading global liquidity provider, selected CoreWeave as the primary AI cloud platform provider for its AI and deep learning division.
July 27, 2026--ETFGI reports Global Active ETFs Gather Record US$500.88 Billion in YTD Net Inflows as Assets Climb to US$2.56 Trillion at the end of June.
July 15, 2026--ISS STOXX GmbH, a leading provider of comprehensive and data-centric research and technology solutions that help capital market participants identify investment opportunities, detect qualitative and quantitative portfolio company risks, and meet evolving regulatory requirements, today announced that Virginia (Ginny) Gomez will assume the role of Chief Executive Officer of ISS STOXX on August 3, 2026.
July 15, 2026--Less demand, more production, and inventory drawdowns prevented a larger price spike. A quick supply recovery is essential to avoid further damage to the global economy
July 15, 2026-ETFGI reports Global ETF Industry Reaches Record US$23.09 Trillion as YTD Net Inflows Hit All-Time High of US$1.33 Trillion at the end of June.
July 8, 2026-Growth holds up, but remains uneven, as tech momentum offsets war drag
Global growth is projected at 3.0 percent for 2026 and 3.4 percent for 2027, broadly unchanged cumulatively from the April 2026 World Economic Outlook. The outlook is uneven: The war shock is weighing on energy importers and vulnerable economies, while AI-driven demand is lifting countries integrated into the global technology value chain.
July 7, 2026-Key market opportunities include growing demand for income-generating assets, rising institutional and retail participation, expansion of sustainable debt instruments, and adoption of advanced portfolio analytics. Asia-Pacific is poised for rapid growth, and innovative strategies such as active bond management are gaining traction.
July 6, 2026--Year-on-year inflation in the OECD as measured by the Consumer Price Index (CPI) rose to 4.6% in May 2026, up from 4.4% in April.
Year-on-year inflation in the OECD as measured by the Consumer Price Index (CPI) rose to 4.6% in May 2026, up from 4.4% in April. Headline inflation increased in 16 OECD countries, declined in 8, and was stable or broadly stable in 14. It remained above 5% in Colombia, Greece, Iceland and Lithuania, and exceeded 30% in Törkiye.
July 6, 2026-ETFGI reports that the global ETF industry has reached a new milestone, with a record 1,397 new products listed worldwide through the end of May 2026. After accounting for 208 closures, the industry recorded a net increase of 1,189 products.