Month: June 2024

Is the US stock market overvalued?

The US stock market capitalization to GDP ratio is at an impressive 187%. Although it still remains below the record of 199% in 2021, the 40% growth rate in just two years makes us cautious. Nominally, the total capitalization of the US stock market is approaching its all-time high of $53 trillion, which underscores the presence of the US market at the forefront of growth compared to other countries’ markets. For comparison, the ratio of global stock market capitalization to GDP (excluding the US) is only 61%. Another illustrative ratio is the gold price to the S&P 500 index, which currently stands at 0.45. This contrasts sharply with the ratio of 1.69 during the debt ceiling crisis in August 2011 and the staggering ratio of 2.75 in August 1979, when Paul Volcker became Fed chairman during the stagflation crisis. Gold would be worth more than $14,000 an ounce if today’s ratio were the same as in 1979. Do you think we should expect a crisis in the next 5 years? https://preview.redd.it/tk12xbdbal4d1.png?width=1280&format=png&auto=webp&s=e586b2e3bf5f850cb6067213a754e73a90797e32 submitted by /u/dll_crypto [link] [comments]

Chris Weston: 🇯🇵 A solid rally in the JPY across the board – USDJPY now 154.83

BoJ talking about a near-term bond purchase slowdown US data is showing signs of cooling and the exceptionalism story is debated (a USD negative) the market is very short of JPY, notably as its role as the funder for carry positions https://preview.redd.it/1luopv6qgj4d1.png?width=680&format=png&auto=webp&s=da0cfda70c534ba2f2db61096d277fb338831e91 submitted by /u/XGramatik [link] [comments]

For real

submitted by /u/Lor1al [link] [comments]

Globalization: A Force for Evil?

Globalization has its downsides, especially for regions that are already struggling. These places become even more desolate. The easier it is to travel around the world, the more likely people are to flee to where there’s hot (or any) water. Not to mention unemployment benefits, aromatic sausage and a fatty cultural layer on it. People flee even when the economy is growing. It’s not just about future prospects, but the current disparity in living standards. If life in Syria is slowly but surely getting better, you might feel excited that in 30 years your country will catch up to, say, Bulgaria. But why wait? You could move to UK right now, where the locals are more than happy to share their personal income tax. Capitalism chases profitability, and not environmental friendliness or the rights of the working class. Regions are becoming impoverished and desolate. People flee from poverty and a lack of social elevators. And not just from desperate poverty, but from simple unemployment. Traditional agriculture, for example, has become incredibly efficient. Where 100 years ago 500 people with horses and pitchforks were needed, 30 years ago it took just 50 with fertilizers, tractors, and milkmaids. Now, five people with robots, GMOs, and vertical farms are enough. There simply isn’t enough work. More layoffs are coming, and that’s normal. The main thing is for regional authorities to understand that globalization isn’t all good. submitted by /u/FXgram_ [link] [comments]

Chris Weston, opinion

Modi gets a third term, the first time since 1962 – Expecting a solid rally in the Nifty 50 (opens 13:45 AEDT) – 3%+ is the chat. The rupee (USDINR NDF opens 13:30 AEDT) should firm up after USDINR pushed into the top of its range last week. submitted by /u/XGramatik [link] [comments]

Most Talkable Assets Of The Week

🚀 NVDA – Tearing up the charts 🚙 DELL – Dell falls most since 2018due to over-expectation 👀 CRM – SalesForce upgraded by Zacks rating system to Buy ⬆️ SPY – Bears have sounded like a broken record 💎 NOT – Notcoin + 280% for a week Quote of the week: ‘If you don’t find a way to make money while you sleep, you will work until you die.’ – Warren Buffett submitted by /u/FXgram_ [link] [comments]