Margin debt-to-GDP ratio now at 5.0, Dave Collum notes - Traders Union
Source: Traders Union
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DW NOTE
Dave Collum flags margin debt at 5% of GDP — double the level that preceded the dot-com collapse and nearly triple the pre-2008 average. Each time this ratio crosses 3%, it's marked the end of the party, not the beginning. The only question is how much leverage unwinds before the Fed capitulates and prints again.
Oil prices hit the $100 per barrel mark early on Wednesday in Asian trade as the ongoing crisis in the Middle East has diminished hopes of U.S.-Iran talks and a return to normal oil flows soon. As of early morning trade in Europe on Wednesday, the international benchmark, Brent Crude, jumped by 2.2
Bitcoin advanced to as high as $79,700 while Brent crude topped $100 and European shares fell, leaving crypto tracking gold rather than equities.
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