"This weird ratio compares net income to a percentage of market cap held in the top 1% of companies in the S&P 500."
"Behind the U.S. is China, the only other country with a double-digit share of global wealth, equal to 17.7% of wealth or $63.8 trillion. As the country continues to build out its middle class, one estimate sees Chinese private wealth increasing by 119.5% over the next decade."
"...in the entire history of the United States stock prices have never been more overvalued than they are at this moment."
In the average recession, gross domestic product (GDP) is not the only thing shrinking—incomes, employment, industrial production, and retail sales tend to shrink as well.
While a decade is just an arbitrary measure of time, people often attribute certain emotional and cultural characteristics to it, such as the "roaring 20s" of the 20th century. The 20s of the 21st century are promising to mark a defining period in world history, particularly for the West.
Currently, it seems the only thing preventing the US economy from falling into recession, possibly dragging the rest of the world down with it, is the overspent American consumer, who is in debt to the tune of over $13 trillion.
Teacher’s Pet continues to grapple with irate, brick-lobbing farm-workers across France and can ill afford a big market for French cheeses, wines etc suddenly closing down over the Channel. The “yellow-jacket” protesters are determined and angry, on occasion burning EU flags.
"North Korea has indicated they have no intention of continuing, and the initial deal itself is being exposed as the fraudulent nothing-burger it always was. Like the China trade deal, the North Korean talks are designed to fail. China will not quadruple its agricultural purchases from the US for any meaningful length of time, and North Korea will never voluntarily denuke."
Since the Great Financial Crisis started in 2006, global debt has more than doubled from $125 trillion to $260 trillion.