U.S. Stocks Have Never Been This Overhyped or Expensive

U.S. Stocks Have Never Been This Overhyped or Expensive

What are the tangible and intangible factors that have contributed to long-term U.S. stock market outperformance compared to the rest of the world? Despite these advantages, why might we still want to continue to be globally diversified?

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Show Notes

American productivity still leads the world—The Economist

The Outlook for Long-Term Economic Growth by Charles I. Jones—Federal Reserve Bank of Kansas City

How Much Will Global Warming Cool Global Growth? by Ishan B. Nath, Valerie A. Ramey, and Peter J. Klenow—UC San Diego

Technology and demand drivers of productivity dynamics in developed and emerging market economies by Alistair Dieppe, Neville Francis, and Gene Kindberg-Hanlon—European Central Bank

Capitalism is in worse shape in Europe by Ruchir Sharma—The Financial Times

The Mother of All Bubbles by Ruchir Sharma—The Financial Times

The Curious Incident of the Elevated Profit Margins by James Montier—GMO

Federal Surplus or Deficit [-] as Percent of Gross Domestic Product - FRED


Euro area government deficit at 3.6% and EU at 3.5% of GDP—eurostat

End of an era: The coming long-run slowdown in corporate profit growth and stock returns by Michael Smolyansky—Federal Reserve Board

Should investors just give up on stocks outside America?—The Economist

Related Episodes

500: The S&P 500 Index and the Decade Ahead

499: What Makes an Economy Prosperous? Spotlight on Cuba and Argentina

343: Why the Productivity Slowdown Could Lead to Lower Living Standards


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