Subject: Margin debt
From "The Economist": By August, American brokers had extended $1.1trn of margin debt to their clients, a figure that has climbed by 33% over the past year, reaching a record high. As a share of GDP, it is only just below the level reached during the meme-stock frenzy of 2021 and well above the peak seen in the dotcom bubble.
https://archive.ph/K0vCL
Good times indeed for most investors. Envied by the ones having missed out this and the previous years, like myself. When will they, the last men standing, finally jump onto the bandwagon and join the crowd, signalling the end thereby?