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The US stock market is in the biggest bubble in history. The entire economy is at risk.

The US stock market is in the biggest bubble in history. The entire economy is at risk.

Released Saturday, 4th January 2025
Good episode? Give it some love!
The US stock market is in the biggest bubble in history. The entire economy is at risk.

The US stock market is in the biggest bubble in history. The entire economy is at risk.

The US stock market is in the biggest bubble in history. The entire economy is at risk.

The US stock market is in the biggest bubble in history. The entire economy is at risk.

Saturday, 4th January 2025
Good episode? Give it some love!
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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.

VIDEO with charts here: https://www.youtube.com/watch?v=rguHublkxCQ

Topics0:00 American exceptionalism0:53 US stock market is over 60% of world1:16 USA is 74% of MSCI World Index2:10 Top 25 companies in world3:29 Exorbitant privilege of US dollar4:59 S&P 500 and Nasdaq indices6:07 Magnificent 76:50 Just 25 companies make up 50.3% of S&P 5008:26 Tesla is insanely overvalued12:03 Big US companies are really financial firms13:11 How to measure a bubble14:15 Buffett Indicator (market cap to GDP)15:57 Public & private equities to GDP17:00 How the US government inflated the bubble21:10 Richest 10% of Americans own 93% of stocks22:23 Warren Buffett's warnings23:56 Berkshire Hathaway dumps stocks26:32 Jeff Bezos sells Amazon shares27:22 Mark Zuckerberg sells Meta stocks27:40 Elon Musk sold Tesla shares28:08 The "greatest bubble in human history"30:27 Alan Greenspan and "irrational exuberance"31:16 Fears of "pent-up exuberance"32:19 P/E ratios33:41 Irrational investing34:54 Donald Trump's tax cuts help the rich37:54 Trump and Ronald Reagan39:04 Trickle-down economics41:16 Wall Street fills Trump's cabinet42:02 Financialization of US economy43:44 Will Trump reverse de-industrialization?45:38 Real estate & homelessness46:38 US dollar47:34 Wall Street vs Main Street49:06 Outro

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