You’d think that by now every relevant measure of stock market overvaluation would have been converted into a chart and circulated throughout the blogosphere. But Zero Hedge has come up with a new one depicting how long the typical wage slave has to work to buy the typical stock. And – surprise – it shows historic, egregious overvaluation which, if history is any guide, implies a crash is close at hand.
How did workers come to be priced out of their slice of the American capitalist pie?
First, an ever-rising share of the new wealth being created – in the form of corporate profits – is being siphoned off by said corporations, leaving less for the people depicted in the above chart.
This post was published at DollarCollapse on FEBRUARY 13, 2017.