The MOTHER of all BUBBLES
The US economy is in trouble. Ben Norton makes it easy to understand.
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The US stock market is in "the mother of all bubbles", with the market capitalization of publicly traded companies at 206% of GDP. This is higher than the dot-com bubble of 2000 and even the peak of the crash of 1929. Meanwhile, just 25 companies make up over half of the weight of the S&P 500, and the Magnificent 7 Big Tech monopolies are 35% of the market cap of the index… Tesla is a financial firm that makes a few cars… However, the US economy was built upon this financial house of cards, and politicians are profiting from it. Ben Norton explains the dangers.
Tomorrow, I’ll post a mammoth poll for you to share your views on serious issues, from the USA and Russia, to Trump and billionaires. I’ll drop a feature the week after.