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.
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.