logicalthought

The Facts Indicate We're Not in a Depression or Bubble

>>One final point is that Warren Buffett's favorite indicator is very bullish right now.<<

You're referring to the "market cap to GDP" ratio, which I would say is an extremely misleading metric these days due to the now-massive "public debt-to-GDP" ratio. As an aside, I guess Warren must have a lot of "favorite indicators", because the one I recently heard him cite was related to "rail freight", which has been God-awful lately. Of course, both of these latter two "indicators" ("excessive public debt" and "rail freight") have extremely negative connotations for Warren's ABSOLUTELY favorite "indicator"... "Profits".