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

What this episode covers

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?SponsorsDelete Me – Use code David20 to get 20% offLegalZoom - Use code David10 to 10% offInsiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletterOur Premium ProductsAsset CampMoney for the Rest of Us PlusShow NotesAmerican productivity still leads the world—The EconomistThe Outlook for Long-Term Economic Growth by Charles I. Jones—Federal Reserve Bank of Kansas CityHow Much Will Global Warming Cool Global Growth? by Ishan B. Nath, Valerie A. Ramey, and Peter J. Klenow—UC San DiegoTechnology and demand drivers of productivity dynamics in developed and emerging market economies by Alistair Dieppe, Neville Francis, and Gene Kindberg-Hanlon—European Central BankCapitalism is in worse shape in Europe by Ruchir Sharma—The Financial TimesThe Mother of All Bubbles by Ruchir Sharma—The Financial TimesThe Curious Incident of the Elevated Profit Margins by James Montier—GMOFederal Surplus or Deficit [-] as Percent of Gross Domestic Product - FREDEuro area government deficit at 3.6% and EU at 3.5% of GDP—eurostatEnd of an era: The coming long-run slowdown in corporate profit growth and stock returns by Michael Smolyansky—Federal Reserve BoardShould investors just give up on stocks outside America?—The EconomistRelated Episodes500: The S&P 500 Index and the Decade Ahead499: What Makes an Economy Prosperous? Spotlight on Cuba and Argentina343: Why the Productivity Slowdown Could Lead to Lower Living Standards See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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