Economy
Related: About this forumTrump's stock market is great, but rest of the world is greater - Bloomberg
President Donald Trump likes to boast about how well the U.S. stock markets done during his term. What he doesnt mention is that the rest of the world has gotten richer, faster at the same time.
American equities are now worth $28.4 trillion, having swelled by almost $3 trillion since he took office in January, according to data compiled by Bloomberg.
But theyve lost ground against the rest of the world.
All stocks across the globe are valued at $89.9 trillion. U.S. shares make up only 31.6 percent of that total. Thats the lowest proportion since November 2011, or a few months after the U.S. flirted with default. And its sunk from the 11-year high of 38.3 percent set in December under then-President Barack Obama.
There's a graph beginning in 2004 of U.S. market capitalization as a percent of global market capitalization
https://www.bloomberg.com/news/articles/2017-10-27/trump-s-stock-market-is-great-but-rest-of-the-world-is-greater
This is from late October, it's something I should have posted back then.
roscoeroscoe
(1,370 posts)Who needs 'em?!
mr_lebowski
(33,643 posts)That's my story and I'm sticking to it.
In fact, I think that meme should spread far and wide ... that f***er doesn't give a damn about actual FACTS, why the hell should we?
Bernardo de La Paz
(49,052 posts)Now he has nothing left for the megacorps and the 1%. Deregulation is nice (except for everyone else) but will be contested in courts and saves a penny here or there at most.
quartz007
(1,216 posts)For example Shiller P/E is currently 10% more over valued than before the crash of October 1929.
While the market has gone up almost 40% since November 2016, it is all based on hope and hot air. Earnings are up only 10% but market is up 40%. It is one serious event away from a huge crash. This market bubble will end badly.
However bubbles can grow lot bigger than rational facts. The bubble of 2000 is a good example. NASDAQ reached 5000, then crashed down to 1/3 its value.