JP Morgan Weekly Market Insight

Here’s the latest JP Morgan Market Insight report: JPM Weekly Market Insight

Chart of the Week: Our COTW shows US house net worth relative to GDP. Wealth levels have collapsed, with the QE-inspired boom in financial assets only partially offsetting the damage done by the collapse in property prices after 2006. The question is whether this wealth destruction has run its course or is about to worsen – back to the averages of the 1950/80 period.

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