Saturday, March 8, 2014

Global Stock Index Reaches All-Time-High

The MSCI global stock index closed at an all-time-high yesterday.  It is up 17.5% since last year and more than $36 trillion has been added to equity values since 2009 when the recovery from the financial crisis began.  It is striking that stock values have risen so dramatically during a period of slow economic growth.  Large corporations have been able to grow profits during a period of low growth, and asset values usually rise when interest rates are low.  Large holders of stock have done much better than those who depend upon growth in wages.

No comments:

Post a Comment