Aug 31, 2020 at 19:00 UTCUpdated Aug 31, 2020 at 19:15 UTC
(Nuthawut Somsuk/Getty Images)
The booming stock market is driven by perception of the Federal Reserve’s commitment to high prices and growing individual trading, but how sustainable is it?
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This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.
Today’s episode of The Breakdown looks at the stories the stock market is trying to tell, including:
- New all-time high in total market capitalization to GDP ratio (higher than dot-com bubble)
- “No precedent for how high” valuations can go
- Fed denies asset bubble; intimates it wouldn’t care about asset bubbles if full unemployment comes with them
- Bezos at $200,000,000,000
- Percentage of stocks traded by individuals reaches all time high of 20%
- Robinhood leads in FTX complaints
- Buffett’s Japan trading firm bet
See also: Winter Is Coming: Examining the Economy’s Eight-Body Problem
For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.
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