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Economics & Investing / The mother of all bubbles?
« on: December 10, 2024, 12:04:01 AM »
"U.S. companies now account for 70% of the leading global stock index, up from 30% in the 1980s, while the U.S. economy's share of global GDP is just 27%"
https://www.msn.com/en-us/money/other/the-mother-of-all-bubbles-in-the-us-is-sucking-money-away-from-the-rest-of-the-world-market-expert-says/ar-AA1vuv1a
The problem with people like Spitznagel, is they predict a crash every six months and then, when one happens, they market themselves as the visionary who saw it coming. Peter Schiff is another one of these.
https://www.msn.com/en-us/money/other/the-mother-of-all-bubbles-in-the-us-is-sucking-money-away-from-the-rest-of-the-world-market-expert-says/ar-AA1vuv1a
Quote
Meanwhile, "black swan" investor Mark Spitznagel, cofounder and chief investment officer of the hedge fund Universa Investments, has been warning about a bubble for a while now.
Last year, he said the "greatest credit bubble in human history" was set to pop, and said again in June that the bubble was about to burst. In September, he said markets had already entered black swan territory.
The problem with people like Spitznagel, is they predict a crash every six months and then, when one happens, they market themselves as the visionary who saw it coming. Peter Schiff is another one of these.