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There's nothing 'wrong' about it. There's nothing 'right' about it. It's a fact. It's the current value of that market at current prices. GDP is a temporal figu
by anm89 4y ago
There's nothing 'wrong' about it. There's nothing 'right' about it. It's a fact. It's the current value of that market at current prices. GDP is a temporal figure, it's not the value of France, or the market cap of france whatever that means, it's the value of what France produces over a time period. So this comparison is just not useful.
- naveen99 4y agoWealth is around 4-5x annual gdp currently. Interestingly debt is also about the same as 4-5x gdp. I wish there was a real-time dashboard or index / futures product that tracked global wealth / debt / leverage I guess the closest we have is the forex market.
- anm89 4y agohttps://www.usdebtclock.org/ https://www.usdebtclock.org/ https://www.usdebtclock.org/world-debt-clock.html https://www.usdebtclock.org/world-debt-clock.html
- pirate787 4y ago"Wrong" isn't the right word, but "obviously wildly overvalued" is.