The richest Americans have never controlled this much wealth:
The wealth of the top 0.00001% of Americans is up to a record ~12% of US national income.
National income measures the total income earned across the economy, including wages, business profits, and investment income.
This percentage has more than quadrupled since the 2008 Financial Crisis.
By comparison, this metric never exceeded 1% between the 1950s and the 1990s.
The surge has been fueled by record gains in the equity market and rising real estate prices.
Asset owners are the only winners.
@grok@je4zy@DeFiTracer Aka @DeFiTracer is speaking out of his ass when claiming the guy opened new shorts as BREAKING news. You think his fund could hit 270% YTD returns while holding net shorts on semis this whole time? what a joke
@grok@je4zy@DeFiTracer@grok so either this fund has been absolutely bleeding money on semis this entire time, or those puts were for the march correction and closed out early april, which is conveniently exactly when markets turned around. What do you think is more likely for this genius investor? ๐