The Justice Potter Stewart Bubble: Wilshire 5000 To GDP Ratio At All-time High

This is a syndicated repost courtesy of Online Course Notes For Financial Markets and Banking. To view original, click here. Reposted with permission.

US Supreme Court Justice Potter Stewart once stated that with regard to obscenity, “I know it when I see it.” The same goes for asset bubbles. I know one when I see it.

The Wilshire 5000 stock index to nominal GDP ratio is now at an all-time high.

wi5000togdp

Justice Stewart was referring to pornography, not asset bubbles.

fedbubblemachine

Have a safe Fourth of July.

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