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Pam and Russ Martens: U.S. stock market now is larger than combined GDP of U.S., China, Japan, and Germany
By Pam and Russ Martens
Wall Street on Parade
Tuesday, May 11, 2021
When the motherlode of stock market bubbles finally pops, exposing the corrupt edifices on which it was built, you can count on one thing: There will be lots of testimony before Congress that no one could have seen it coming.
The simple chart accompanying this report, which took us 30 minutes to prepare in an Excel spreadsheet, is proof that anyone among the legions of Wall Street bank regulators at the Federal Reserve, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corp., and the Securities and Exchange Commission can see what's coming.
... Dispatch continues below ...
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The chart compares U.S. gross domestic product to the total stock market value at December 31, 1999, prior to the bursting of the dot.com bubble; at December 31, 2007, prior to the bursting of the subprime and derivatives bubble; and on December 31, 2020, prior to the bursting of whatever the bailout boys decide to call this bubble. ...
The data shows that just prior to the dot.com bust on December 31, 1999, that resulted in the Nasdaq stock market losing a stunning 78 percent of its value from peak to trough, the total stock market value was 1.77 times GDP.
At year-end 2007, prior to the greatest Wall Street collapse since the Great Depression, the total stock market value was 1.34 times GDP.
As of December 31, 2020, total stock market value represented 2.10 times U.S. GDP.
Siblis Research further shows that as of March 31 of this year, total stock market value in the U.S. stands at a breathtaking $49.1 trillion. (That includes U.S. based public companies listed on the New York Stock Exchange, Nasdaq Stock Market, or OTCQX U.S. Market.)
A $49.1 trillion stock market is larger than the combined GDP of the four largest industrialized nations (U.S., China, Japan and Germany) according to International Monetary Fund data. ...
... For the remainder of the analysis:
https://wallstreetonparade.com/2021/05/at-49-1-trillion-the-u-s-stock-ma...
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