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

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...

Comments

spdrdr MD Sat, 07/15/2017 - 20:42 Permalink

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.

In reply to by MD

ft65 spdrdr Sun, 07/16/2017 - 05:55 Permalink

>> 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.  

In reply to by spdrdr

GUS100CORRINA MD Sat, 07/15/2017 - 21:01 Permalink

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 dayUS 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.

In reply to by MD

Lets_Eat_Ben totenkopf88 Sat, 07/15/2017 - 21:17 Permalink

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

In reply to by totenkopf88

Xredsx Sat, 07/15/2017 - 20:50 Permalink

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. 

tribune Sat, 07/15/2017 - 20:52 Permalink

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

johand inmywallet Sat, 07/15/2017 - 20:56 Permalink

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.

Sonny Brakes spdrdr Sun, 07/16/2017 - 05:58 Permalink

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.

In reply to by spdrdr

DannyTX Sat, 07/15/2017 - 23:02 Permalink

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.

sinbad2 Sat, 07/15/2017 - 23:06 Permalink

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.

Iskiab Sun, 07/16/2017 - 04:38 Permalink

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 Iskiab Sun, 07/16/2017 - 06:18 Permalink

>> 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.

In reply to by Iskiab