, is $19.4 trillion. Based on those figures, the Buffett indicator now stands at about 170%, a historic high.in December 2001 as "probably the best single measure of where valuations stand at any given moment."
The famed investor and Berkshire Hathaway CEO added that the ratio hitting a record high during the dot-com boom "should have been a very strong warning signal" of the crash to come. The Buffett indicator has its flaws, including the fact that it compares current market capitalizations to GDP in the previous quarter. GDP also doesn't account for income earned overseas, and US-listed companies don't necessarily contribute to the US economy.
Shutdowns and stay-at-home orders during the coronavirus pandemic are also largely responsible for the sharp decline in second-quarter GDP, meaning the Buffett indicator spiking could prove to be a temporary blip. However, the measure has a solid track record of predicting past downturns. It spiked before the dot-com bubble burst and surged in the months before the 2008 financial crisis.
🐌
เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:
ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว
Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้
US GDP plunged by a record 33% in the 2nd quarter as coronavirus lockdowns raged - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Are you happy now Trump and the Trumplicans? I live in GA, we haven’t been on lockdown since April this isn’t because of lockdowns. Its because the virus is still spreading and putting people out of work.... all thanks to Trump’s incompetence! 'Coronavirus lockdowns raged'? That's like saying 'as the firefighters raged' when talking about a forest fire...
แหล่ง: BusinessInsider - 🏆 729. / 51 อ่านเพิ่มเติม »
HackerRank sees demand spike for developers, data scientists, interns - Business InsiderThe CEO of popular tech hiring site HackerRank says demand has surged for app developers, data scientists and interns as companies like Morgan Stanley, Riot Games or John Deere look to 'improve their online presence, or risk losing out' True!
แหล่ง: BusinessInsider - 🏆 729. / 51 อ่านเพิ่มเติม »
Stock market live updates: Dow slips 350, record GDP contraction, Big Tech earnings on deckStocks moved lower out of the gate today as investors digested the 32.9% drop in GDP during the second quarter. Follow along with the latest stock market updates here: 32.9% annualized. But anything to get Senile Joe elected right Meant, back at the ranch, Trump musing about delaying the election to stay in office longer. Covid raging GDP down 33% Race relations at its worst Unemployment at it’s highest Trump is insane. Holy shit. The GDP fell by 32.9% in the 2nd quarter. That is another record set by Trump. Trump is going to collapse the entire economy. Other countries didn't fall that far. But we have Trump.
แหล่ง: CNBC - 🏆 12. / 72 อ่านเพิ่มเติม »