The Bubble of All Bubbles Has Not Seen Anything Yet
dermancapital.substack.com
To set the stage that we are in a bubble of ridiculous proportion, look no further than the commonly shown Buffet indicator. This chart reminds me of what Jeremy Grantham said in a recent podcast (found here). But then, the equity market, we have probably the highest priced US equity market ever. And if not, the highest or very close rival to 2000. And then, if that wasn’t enough, we have coming up on the rails at incredible speed, the US housing market. It’s up over 20% in 12 months. It’s the biggest move in history. It’s bigger than ’07. And it’s taken the median house price to a higher multiple of family income than even 2007.
The Bubble of All Bubbles Has Not Seen Anything Yet
The Bubble of All Bubbles Has Not Seen…
The Bubble of All Bubbles Has Not Seen Anything Yet
To set the stage that we are in a bubble of ridiculous proportion, look no further than the commonly shown Buffet indicator. This chart reminds me of what Jeremy Grantham said in a recent podcast (found here). But then, the equity market, we have probably the highest priced US equity market ever. And if not, the highest or very close rival to 2000. And then, if that wasn’t enough, we have coming up on the rails at incredible speed, the US housing market. It’s up over 20% in 12 months. It’s the biggest move in history. It’s bigger than ’07. And it’s taken the median house price to a higher multiple of family income than even 2007.