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US Stock Market Cap to GDP Ratio Reaches 190%, Eclipsing Dot-Com Bubble High
The booming stock market is driven by perception of the Federal Reserve’s commitment to high prices and growing individual trading, but how sustainable is it?
Updated Sep 14, 2021, 9:50 a.m. Published Aug 31, 2020, 7:00 p.m.
The booming stock market is driven by perception of the Federal Reserve’s commitment to high prices and growing individual trading, but how sustainable is it?
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This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.
Today’s episode of The Breakdown looks at the stories the stock market is trying to tell, including:
- New all-time high in total market capitalization to GDP ratio (higher than dot-com bubble)
- “No precedent for how high” valuations can go
- Fed denies asset bubble; intimates it wouldn’t care about asset bubbles if full unemployment comes with them
- Bezos at $200,000,000,000
- Percentage of stocks traded by individuals reaches all time high of 20%
- Robinhood leads in FTX complaints
- Buffett’s Japan trading firm bet
See also: Winter Is Coming: Examining the Economy’s Eight-Body Problem
For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.
Note: The views expressed in this column are those of the author and do not necessarily reflect those of CoinDesk, Inc. or its owners and affiliates.
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