Some of the debt statistics fail to account for the cash Corp America is holding on their balance sheets, so that's an incomplete picture. Also, I posit that a

Some of the debt statistics fail to account for the cash Corp America is holding on their balance sheets, so that's an incomplete picture. Also, I posit that a lot of the inflation in indexes relate to redistribution of wealth. When fewer people have more, they are willing to pay more for just about everything: cryptocurrencies, stocks, houses in prime areas, etc. Bubble status would require some proof points suggesting we have reached systematically unserviceable levels of an underlying fundamental.