Global Stocks Soared $1.5 Trillion This Week - Now 102% Of World GDP

Tyler Durden's picture

Thanks, it seems, to a few short words from Janet Yellen, the world's stock markets added over $1.5 trillion to wealthy people's net worth this week, sending global market cap to record highs.

The value of global equity markets reached a record high $76.28 trillion yesterday, up a shocking 18.6% since President Trump was elected. This is the same surge in global stocks that was seen as the market front-ran QE2 and QE3.

This was the biggest spike in global equity markets since 2016.

 

 For the first time since Dec 2007, the market value of global equity markets is greater than the world's GDP...

h/t @Schuldensuehner

Of course - the big question is - how long can 'they' keep this dream alive?

 

President Trump hopes a little longer...

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MD's picture

You have to wonder if Trump is intentionally setting himself up for a fall with these stock market tweets.

spdrdr's picture

As a former enthusiastic Trump supporter, I look on in abject dismay as he repeatedly "owns" the stock-market through his ill-considered tweets.

Repeatedly. 

I am rapidly coming to the conclusion that the man is either a lying charlatan or an idiot, or both.

mummster's picture

OR, just the right chosen man to take the system down

T-NUTZ's picture

another 12 months of investigations into Trump-Russian collusion will set them straight.

old naughty's picture

wonder what that handshake with Macron was about?

No vaccine? Jupiterian?

 

We're so fxxked (sorry, PCR, i heard your call...)

doctor10's picture

The central bankerz need "collateral" for that 750 trillion-1.5 quadrillion derivative house of cards they've erected since 2000

They're happy to let Trump have some credit as long as it doesn't get away from them like it almost did in 2008

Pollygotacracker's picture

Given the fact that during the campaign he said the markets "looked like a big, fat, ugly bubble ". But, now they are a sign of his great leadership, I would say we have another flip flopper as Prez. Central banks are buying stocks. I would be careful about taking credit for any of this.

ft65's picture

>> As a former enthusiastic Trump supporter, I look on in abject dismay as he repeatedly "owns" the stock-market through his ill-considered tweets.

>> I am rapidly coming to the conclusion that the man is either a lying charlatan or an idiot, or both.

You, along with many were gulled. He is just another establishment puppet who got away with what he did, because he had no track record of office. "New Boos same as the old Boss." You'll get it one day.  


GUS100CORRINA's picture

The value of global equity markets reached a record high $76.28 trillion yesterday, up a shocking 18.6% since President Trump was elected. This is the same surge in global stocks that was seen as the market front-ran QE2 and QE3.

My response: OK, while asset valuations went up, there is another metric that went up even faster.

The METRIC that went up even faster was DEBT!!!!

See example from America below ...

US Federal Spending is rising at a staggering $428,253,120 per day

US Federal TAX Revenue is only rising at $129,857,760 per day.

So the US Government at the federal level is spending about $300,000,000 more per day than it is taking in via TAX revenue. The market is not increasing at 300 million a day and this isn't even the total picture.

Rate of change data obtained from www.usdebtclock.org.

ExplodingEntropy's picture

Whooool yes, buuut ITS DIFFERENT THIS TIME.

Obsidian Samctum's picture

I know a guy who works for the government. He changes lightbulbs on street light. He makes 100k/year.

hibou-Owl's picture

Sounds unbelieveable,
But as a independent contractor probabily replaced a team of government attendees with trough monster pensions.

totenkopf88's picture

Not wise for Orange Jesus to hitch his wagon to the dumpster fire known as Wall St

Lets_Eat_Ben's picture

it's not that simple you stupid faggots. Trump has to pick his battles. Clearly GS boys Mulvaney and Mnuchin are not Trump's men. He made deals to get his hands on the true reigns of power - the military. There is more going on that you can even imagine. THe more ZH covers politics the more of these fucken idiots are drawn here and plague the comments section with their goddamn snarky stupidity; makes me wretch to hear your thoughts

Treason Season's picture

Instead of name calling, if you have a case, state it. 

Nobody For President's picture

Upvote from this old firefighter for 'dumpster fire'.

scaleindependent's picture

What is that ancient proverb?  Something about falls and hubris.

max_leering's picture

She's a gonna blow Cap'n!!!

Cordeezy's picture

Trump really taking credit for that, cmon man!

 

www.escapeamazon.com

 

BullyBearish's picture

only a FOOL would do this:

 

Donald J. TrumpVerified account @realDonaldTrump  1h1 hour ago

More

Stock Market hit another all-time high yesterday - despite the Russian hoax story! Also, jobs numbers are starting to look very good!

 

494 replies603 retweets2,495 likes

totenkopf88's picture

Trump watches too much CNBC

Dr. Engali's picture

If I were Trump I sure wouldn't hang my hat on the market just when TPTB are about to pull the rug out from under it.

tribune's picture

"the bridge on the river kwai'- "madness, madness"

Xredsx's picture

Does this mean that soon will be the day when the poor get their day? Well at least the world might just wake up to the fact that wealth is a darkness that blinds you from the light of love and compassion..  I wouldn't mind but their isn't much to wealth anyway. Well,  a world without corruption that is. 

totenkopf88's picture

I understand your premise but humans will always be servants to their avarice and greed- even JC knew that.

tribune's picture

no longer can young people get into the global share and property markets for a fair value. dont be surprised if the younger generations totally eschew those things which the baby boomers think important. the baby boomers aren't listening to the young. dont blame the young if they stop listening to the baby boomers

Obsidian Samctum's picture

Baby boomers are tye scourge of everything that is good. Just look at jeff sessions and clint eastwood ffs. These baby boomers need to all fucking die and when they do, there will be world peace. Baby boomers are everything that is wrong with humanity.

If you are a baby boomer, fuck you.

johand inmywallet's picture

That's great, I hope the rich choke on their filet mignon while my kids get a ham and cheese for dinner, if their lucky.

This after my business of 1 mill a year died after 08, fuck the rich. I made 16k last year, 300+ resumes out, I'm 55 and fucked.

Guess I'm at that age to go full retard.

spdrdr's picture

Same too.  Maybe we should form a club...

Sonny Brakes's picture

I didn't have a business, but I witnessed the run up to the crash of 2008. My eyes were opened early in life. I never was a person who couldn't read between the lies (sic). Always the one asking the uncomfortable questions. Always the one stating the obvious.

The reality is that human beings, for the most part, are unable to resist the urge of taking advantage of their fellow human beings. We don't deserve to exist.

Karl Marxist's picture

I can't even remotely communicate I do indeed feel your pain. I am beyond outrage at this evil horseshit of an "economic system."

Dilluminati's picture
102% of gdp?

In that game of musical chairs you don't want to be the 2% left standing? ehhhhh?

It's going to end badly

order66's picture

Trump setting himself up for one term presidency with these tweets as the markets will crash on his watch.

JLO's picture

Now to get GOLD to follow suit

DannyTX's picture

Trump is a fool if he really thinks "jobs numbers look good."  He must not have heard of the Labor Force Participation Rate!  Idiot!!!  However, still better than the alternative------Clinton.

Stormtrooper's picture

Guilty!  I made $500 in the stock market this week.  The shame!!

sinbad2's picture

I saw a current affairs story just after the dodgy house bond market collapse. 2 of the guys on the panel were from the financial sector, and the 3rd was Rene Rivkin, a guy who had made a lot of money trading stocks.

The banker types were disagreeing with Rivkin about something, and they were quoting all sorts of facts and figures.

Rivkin replied, I don't know anything about business, I know about human nature.

Most humans are  herd creatures, and will follow the herd when they stampede.

It's what spooks the first steer that is the unknown.

spdrdr's picture

Good God - Rene Rivkin topped himself on 1 May 2005.  Over 12 years ago.  He was one of the (((elite))).

When he suicided, the house mortgage market was going absolutley fucking gang-busters!

Iskiab's picture

If you think you're fucked now, just wait until that 1 trillion Trump spending package goes through. Things will look great until it's time to repay.

Business' and the rich are mobile. Once the financial realities of managing the debt come in, I expect businesses and those who can afford it to leave, dumping the responsibility of the debt on those who aren't mobile to pay it back.

ft65's picture

>> If you think you're fucked now, just wait until that 1 trillion Trump spending package goes through. Things will look great until it's time to repay.

>> Business' and the rich are mobile. Once the financial realities of managing the debt come in, I expect businesses and those who can afford it to leave, dumping the responsibility of the debt on those who aren't mobile to pay it back.

 

You really think the debt is going to get paid back? This economic system is going to crash and burn... Taking a lot of people with it. We are experiencing the end of civilization - only this time it was global. A re-set will happen and it's going to be savage. The Great Industrial, Coal and oil Civilization is coming to a messy end however much TPTB try and keep the balls in the air. This sucker is goin down, fast and hard. Future Archaeologists will have fun digging over the remains.

Rebelrebel7's picture

One thing that I have learned is that reality is a state of mind.

natxlaw's picture

this is definitely a suckers rally but is it the suckers rally as in the one that ends with a 40-60% drop?