8 April 2020 - some interesting ideas here:
"In the fourth quarter, household net worth to gross domestic product was a record 545%. "... total wealth in society cannot grow faster than nominal GDP over the long term, and that every country has a well-defined mean value in terms of the wealth-to-GDP ratio. In the U.S., that mean value is 380%. In other words, when the actual wealth-to-GDP ratio deviates too much from 380%, you know that the ratio will mean revert at some point. You just don't know when," he said."
https://www.marketwatch.com/story/why-one-fund-manager-sees-a-wealth-bubble-putting-property-and-stock-market-at-risk-2020-04-08?siteid=yhoof2&yptr=yahoo
"In the fourth quarter, household net worth to gross domestic product was a record 545%. "... total wealth in society cannot grow faster than nominal GDP over the long term, and that every country has a well-defined mean value in terms of the wealth-to-GDP ratio. In the U.S., that mean value is 380%. In other words, when the actual wealth-to-GDP ratio deviates too much from 380%, you know that the ratio will mean revert at some point. You just don't know when," he said."
https://www.marketwatch.com/story/why-one-fund-manager-sees-a-wealth-bubble-putting-property-and-stock-market-at-risk-2020-04-08?siteid=yhoof2&yptr=yahoo
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