Globally, debt and equity capital markets lost around $23 trillion of ‘wealth’ in Q2 as Putin’s invasion sent commodity prices higher, slammed stocks on recession fears, and central banks around the world engaged in policy-tightening to battle the inflationary monster at their doors. In the US, The Fed’s Flow of Funds data issued today shows that US Households lost a shocking $6.1 trillion in Q2 – the largest quarterly loss ever (bigger than the aggregate
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