Stocks and Housing have never been this expensive relative to the U.S. economy | Nick Gerli @nickgerli1

 

AUTHOR NOTES

Nick Gerli

@nickgerli1

·

16h

1. Stocks and housing have never been this expensive relative to the U.S. economy.
2. Stock market value: 250% of GDP.
3. Housing value: 146% of GDP.
4. This is the first time in modern U.S. history both have simultaneously approached record valuations.
5. In 2000, it was mostly stocks.
6. In 2006, it was mostly housing.
7. Today, it's both.

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