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Politics : Ask Michael Burke
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To: Skeeter Bug who wrote (82769)8/8/2000 5:20:07 PM
From: pater tenebrarum  Read Replies (1) of 132070
 
SB, the latest figure is actually $3,6 traded for every $1 of GDP...it has gotten a lot worse than in '29. the mutual fund industry's assets have grown from 1,6% of GDP in '78 to 42% of GDP now.
in short, the stock market has become by far the most important slice of the economy...a frightening thought. market capitalization at 170% of GDP is also a historic, and world record. even the Japanese bubble grew to "only" 130% of GDP before it went bust.
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