{"id":189468,"date":"2010-03-23T21:49:00","date_gmt":"2010-03-24T02:49:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2010\/03\/23\/interesting-picture\/"},"modified":"2010-03-23T21:49:00","modified_gmt":"2010-03-24T02:49:00","slug":"interesting-picture","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2010\/03\/23\/interesting-picture\/","title":{"rendered":"Interesting Picture"},"content":{"rendered":"<div style=\"border: 1px solid black; margin: 0px 10px; width: 400px; float: right; text-align: center;\">Click for full size<\/p>\n<hr \/>\n<p> <span style=\"font-style: italic;\"><br \/><a href=\"http:\/\/img691.imageshack.us\/img691\/6594\/31910marketcap23014608.gif\"><img decoding=\"async\" src=\"http:\/\/img691.imageshack.us\/img691\/6594\/31910marketcap23014608.gif\" bordercolor=\"white\" border=\"0\" width=\"390\" \/><\/a>H\/t <a href=\"http:\/\/www.ritholtz.com\/blog\/2010\/03\/market-cap-of-nyse-nasdaq-as-a-gdp\/\">Barry Ritholtz<br \/><\/a><\/span><\/div>\n<p>He wonders about what caused  stock market capitalization to grow so much relative to GDP starting in the late 1980s.<\/p>\n<p>I think that the answer is simple:  The US government started to subsidize stock purchases, specifically the IRA and the 401(K), and it drew more money in to the markets, and that money bid up asset prices.<\/p>\n<p>Of course, I like simple answers, and I am not a stock broker or an economist, so I would appreciate hearing alternate theories.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Click for full size H\/t Barry Ritholtz He wonders about what caused stock market capitalization to grow so much relative to GDP starting in the late 1980s. I think that the answer is simple: The US government started to subsidize stock purchases, specifically the IRA and the 401(K), and it drew more money in to &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1004,1011,992],"tags":[],"class_list":["post-189468","post","type-post","status-publish","format-standard","hentry","category-finance","category-history","category-statistics"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/189468"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=189468"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/189468\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=189468"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=189468"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=189468"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}