Clearly showing that there is something wrong with the German data in WID even more obvious if you take the series… https://t.co/t8ixFLRN9b
According to Fed c. 28% of increase in US liquid assets from Dec 2019 to Sep 2020 went to Americans
According to Fed c. 28% of increase in US liquid assets from Dec 2019 to Sep 2020 went to Americans in top 1% of income