As I keep warning, the Mother of All Collapses is coming to the markets.
We’ve already detailed just how insane this Everything Bubble is.
- Options trading volume (a sign of speculation) was exponentially higher than it was during the Tech Bubble which everyone on the planet now knows was an insane bubble.
- Crypto currencies that were invented as jokes (Dogecoin) were being valued at tens of billions of dollars.
- Tesla (TSLA), which sold ~300,000 cars in 2020, was worth more than the value of every other auto manufacturer on the planet combined.
- People were selling Non-Fungible Tokes (NFTs) of farts, toilet paper, New York Times articles and more.
All of the above items outline insane levels of speculation in individual assets, but they don’t fully illustrate just how MASSIVE this bubble is.
Check out the below chart from Jim Bianco.
Yes, the stock market is now valued at ~200% of GDP. And this level is actually down from 228% of GDP which was the peak last November.
The Tech Bubble, which everyone understands was an egregious stock market bubble, peaked at 182% of GDP in March of 2000.
Put another way, even with stocks down 20% from their all-time highs (more if you’re using the NASDAQ to calculate), today the stock market is still a larger bubble than the TECH BUBBLE AT ITS PEAK!
So again, the Mother of All Collapses is coming.
- TERMINATORS: Killer robots join Ukraine’s line of defense against Russian troops
- Left calls for war in all rural areas says cops cant do nothing
- Whoa! More negative wealth effects coming down the pipe…big recession ahead
- WTF, Who Is Running Our Country?
- Percent change in home sales in total (YoY) and percent change in sales by home price level
- Fed throws Biden under the bus, says hes collapsing the country
- The Biggest Temper Tantrum In U.S. History Has Begun
- The collapse in consumer sentiment is definitive proof that social mood is rolling over. Hard. So far, the declines in stocks have been bought ALL the way down. Each rally has been shorter than the last.
- New Data Shows Massive Drop in Birth Rates After Covid 19 Vax Campaign
- Congressman Jim Jordan gets Debbie Birx to admit the truth…