BREAKING: The wealthiest 1% of US earners now own 50.1% of US equity and mutual fund holdings. To put this into perspective, their ownership stood at 40.1% in 1990 and 39.6% in 2001. At the same time, the next 9% wealthiest households own 37.3%, and the middle 40% own just 11.7%. By comparison, the bottom 50.0% of earners hold just 1.1%. As a result, the top 10% of earners now own ~87.4% of all equity and mutual fund assets. Asset owners are the only winners in this economy.(The Kobeissi Letter)