Thursday, June 11, 2026

Stock Market Capitalization to GDP Ratio

Is the US Stock Market Too Big?
https://www.project-syndicate.org/commentary/stock-market-valuations-out-of-step-global-gdp-distribution-by-jim-o-neill-2026-06
With China and India having grown so fast as to compensate for the underperformance of their fellow BRICS (Brazil, Russia, and South Africa), the center of gravity in the global economy continues to shift eastward. The question now is whether—and when—equity valuations will reflect this underlying reality.  

Prominent Economists on Growth and Development

PHILIPPE AGHION (co-recipient of 2025 Nobel Prize in Economics) interviewed by SIMON JOHNSON (co-recipient of 2024 Nobel Prize in Economics)
https://www.project-syndicate.org/onpoint/europe-economic-malaise-rooted-in-lack-of-dynamism-by-philippe-aghion-and-simon-johnson-2026-06
 
The Enduring Enigma of Economic Growth by Andres Velasco
https://www.project-syndicate.org/commentary/causes-of-economic-growth-still-not-understood-by-andres-velasco-2026-06
Developing countries have made enormous progress in many of the factors behind growth, reflected in stronger institutions, rising education levels, higher life expectancy, and increased investment rates. Yet income convergence with advanced economies has been painfully slow—and in most cases absent.