"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".
Topics
0:00 American exceptionalism
0:53 US stock market is over 60% of world
1:16 USA is 74% of MSCI World Index
2:10 Top 25 companies in world
3:29 Exorbitant privilege of US dollar
4:59 S&P 500 and Nasdaq indices
6:07 Magnificent 7
6:50 Just 25 companies make up 50.3% of S&P 500
8:26 Tesla is insanely overvalued
12:03 Big US companies are really financial firms
13:11 How to measure a bubble
14:15 Buffett Indicator (market cap to GDP)
15:57 Public & private equities to GDP
17:00 How the US government inflated the bubble
21:10 Richest 10% of Americans own 93% of stocks
22:23 Warren Buffett's warnings
23:56 Berkshire Hathaway dumps stocks
26:32 Jeff Bezos sells Amazon shares
27:22 Mark Zuckerberg sells Meta stocks
27:40 Elon Musk sold Tesla shares
28:08 The "greatest bubble in human history"
30:27 Alan Greenspan and "irrational exuberance"
31:16 Fears of "pent-up exuberance"
32:19 P/E ratios
33:41 Irrational investing
34:54 Donald Trump's tax cuts help the rich
37:54 Trump and Ronald Reagan
39:04 Trickle-down economics
41:16 Wall Street fills Trump's cabinet
42:02 Financialization of US economy
43:44 Will Trump reverse de-industrialization?
45:38 Real estate & homelessness
46:38 US dollar
47:34 Wall Street vs Main Street
49:06 Outro
Topics
0:00 American exceptionalism
0:53 US stock market is over 60% of world
1:16 USA is 74% of MSCI World Index
2:10 Top 25 companies in world
3:29 Exorbitant privilege of US dollar
4:59 S&P 500 and Nasdaq indices
6:07 Magnificent 7
6:50 Just 25 companies make up 50.3% of S&P 500
8:26 Tesla is insanely overvalued
12:03 Big US companies are really financial firms
13:11 How to measure a bubble
14:15 Buffett Indicator (market cap to GDP)
15:57 Public & private equities to GDP
17:00 How the US government inflated the bubble
21:10 Richest 10% of Americans own 93% of stocks
22:23 Warren Buffett's warnings
23:56 Berkshire Hathaway dumps stocks
26:32 Jeff Bezos sells Amazon shares
27:22 Mark Zuckerberg sells Meta stocks
27:40 Elon Musk sold Tesla shares
28:08 The "greatest bubble in human history"
30:27 Alan Greenspan and "irrational exuberance"
31:16 Fears of "pent-up exuberance"
32:19 P/E ratios
33:41 Irrational investing
34:54 Donald Trump's tax cuts help the rich
37:54 Trump and Ronald Reagan
39:04 Trickle-down economics
41:16 Wall Street fills Trump's cabinet
42:02 Financialization of US economy
43:44 Will Trump reverse de-industrialization?
45:38 Real estate & homelessness
46:38 US dollar
47:34 Wall Street vs Main Street
49:06 Outro
5/1 2025 11:04 ProInvestorNEWS 3
123913 "Ben Norton is a journalist and analyst whose work focuses primarily on geopolitics, international political economy, and US foreign policy. He lived in and reported from Latin America for several years, and is now based in Beijing, China".
https://bennorton.com/
https://bennorton.com/
Shiller PE for S&P500 er stille og roligt paa vej mod 40 
https://www.multpl.com/shiller-pe
"This time it's different"
Jeg ejer selv to af magnificent seven YOLO! :-D
What Were You Thinking?
https://thefelderreport.com/2017/10/26/what-were-you-thinking/
"At 10 times revenues, to give you a 10-year payback, I have to pay you 100% of revenues for 10 straight years in dividends. That assumes I can get that by my shareholders. That assumes I have zero cost of goods sold, which is very hard for a computer company. That assumes zero expenses, which is really hard with 39,000 employees. That assumes I pay no taxes, which is very hard. And that assumes you pay no taxes on your dividends, which is kind of illegal. And that assumes with zero R&D for the next 10 years, I can maintain the current revenue run rate. Now, having done that, would any of you like to buy my stock at $64? Do you realize how ridiculous those basic assumptions are? You don't need any transparency. You don't need any footnotes. What were you thinking?"
https://www.multpl.com/shiller-pe
"This time it's different"
Jeg ejer selv to af magnificent seven
YOLO! :-DWhat Were You Thinking?
https://thefelderreport.com/2017/10/26/what-were-you-thinking/
"At 10 times revenues, to give you a 10-year payback, I have to pay you 100% of revenues for 10 straight years in dividends. That assumes I can get that by my shareholders. That assumes I have zero cost of goods sold, which is very hard for a computer company. That assumes zero expenses, which is really hard with 39,000 employees. That assumes I pay no taxes, which is very hard. And that assumes you pay no taxes on your dividends, which is kind of illegal. And that assumes with zero R&D for the next 10 years, I can maintain the current revenue run rate. Now, having done that, would any of you like to buy my stock at $64? Do you realize how ridiculous those basic assumptions are? You don't need any transparency. You don't need any footnotes. What were you thinking?"
6/1 2025 11:37 StockBull 0123937 Ja Norton har ikke sat sig ind i hverken Bitcoin eller Tesla så stoppede efter 5 min på x2 playbackspeed
