Danielle was a guest with Jim Goddard on Talk Digital Network talking about recent developments in the world economy and markets. You can listen to an audio clip of the segment here.
The number of U.S. permanent job losses (inverted scale below in green) versus the S&P 500 price (in grey) since 1994, throws some cold water on S&P 500 bulls today.
And more broadly, so does this look at global equity prices as a ratio of sales for the companies in the basket (below since 1980), today near the 2000 bubble top.
And lastly, for all those who like to say that the stock market is not the economy and so stocks can hold up when the economy tanks, here we offer US Industrial production (in green) compared with the price of the S&P 500 index (in blue) since 1996. Yes, I know, ‘this time is different’.
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