1.1K
Please make sure these dispatches reach as many readers as possible. Share with kin, friends and workmates and ask them to do likewise.
Ben Norton
GEC
| <• Choose your language • Elija su idioma | |
Resize text-+= |
The US stock market is in the biggest bubble in history. The entire economy is at risk.
Jan 3, 2025
Geopolitical Economy Report
The US stock market is in "the mother of all bubbles", with the market capitalization of publicly traded companies at 206% of GDP. This is higher than the dot-com bubble of 2000 and even the peak of the crash of 1929. Meanwhile, just 25 companies make up over half of the weight of the S&P 500, and the Magnificent 7 Big Tech monopolies are 35% of the market cap of the index. However, the US economy was built upon this financial house of cards, and politicians are profiting from it. Ben Norton explains the dangers.
Geopolitical Economy ReportThe US stock market is in "the mother of all bubbles", with the market capitalization of publicly traded companies at 206% of GDP. This is higher than the dot-com bubble of 2000 and even the peak of the crash of 1929. Meanwhile, just 25 companies make up over half of the weight of the S&P 500, and the Magnificent 7 Big Tech monopolies are 35% of the market cap of the index. However, the US economy was built upon this financial house of cards, and politicians are profiting from it. Ben Norton explains the dangers.
Print this article [bws_pdfprint display=’print’]
The views expressed herein are solely those of the author and may or may not reflect those of The Greanville Post, although, if we publish them, we obviously find them noteworthy and valuable.
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License •
ALL CAPTIONS AND PULL QUOTES BY THE EDITORS NOT THE AUTHORS
2 comments
Good for Norton:” Double, double toil and trouble;
Fire burn and cauldron bubble” et. (Shakespeare ‘Macbeth’)
I can offer even more poetic high falutin’ rhetoric to summarise Ben Norton’s warning about the looming burst of the biggest fraud bubble of all time:
The USA is faaarked.