From Yardeni Research comes the following chart: margin debt as a percentage of total market value of Wiltshire 5000, the broadest equity index in the US (data go up to October)
At 2.1% it is (surprisingly) at the lowest level since late 2006, just before the Debt Bubble blew out to great proportions. However, they are at the top end of the Dotcom Bubble.
Despite my blog’s title, these days I don’t see debt as a serious threat to markets. Instead, I’m really worried about ugly populist politics around the world.
More on another post.
At 2.1% it is (surprisingly) at the lowest level since late 2006, just before the Debt Bubble blew out to great proportions. However, they are at the top end of the Dotcom Bubble.
Despite my blog’s title, these days I don’t see debt as a serious threat to markets. Instead, I’m really worried about ugly populist politics around the world.
More on another post.
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