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The US market is a bubble ready to pop

Dominating the minds of global investors, America is over-owned, overvalued and overhyped to a degree never seen before.

The idea of America as an exceptional nation, superior to its rivals and therefore destined to lead the world, seems passé to most observers.

In political, diplomatic and military circles, the talk is of a dysfunctional superpower, isolationist abroad and polarised at home. But in the investing world, the term “American exceptionalism” is hotter than ever.

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Financial Times

Ruchir Sharma is a writer and investor, and the author of four books, including most recently "The 10 Rules of Successful Nations". He is chairman of Rockefeller International.

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    Original URL: https://www.afr.com/world/north-america/the-us-market-is-a-bubble-ready-to-pop-20241203-p5kvc2