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Stock holdings now exceed the value of primary residences in the U.S. Yet the typical family's home is worth five times their stock portfolio. In other words, the gains from the stock market boom are going to the top.

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I appreciate your insights, Mr. Rattner, although you often prompt me to have my daily cocktail a bit earlier than usual.

Sidebar; In case you missed it, Treasury Secretary Scott Bessent DIDN'T WIN! However, those that disagree with him DID! At least somebody from the United States is winning a Nobel Prize this year ...