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Margin debt-to-GDP ratio now at 5.0, Dave Collum notes

Margin debt-to-GDP ratio now at 5.0, Dave Collum notes
Margin debt ratio surges versus GDP

Dave Collum, professor / financial commentator at Cornell University (Emeritus), notes that the margin debt-to-nominal GDP ratio, which he believes naturally corrects for inflation, has historically correlated with market peaks. Between 1966 and 1990, this ratio averaged about 0.6, but it currently stands at 5.0. Collum suggests this sharp increase marks a significant departure from prior baselines.

Collum has previously discussed the historical underpinnings of modern investment analysis, directing attention to multi-century research on investing by Ed McQuarry. In separate commentary, he also highlighted that global platinum supply remains tight with projected deficits next year. His recent observations continue to track key market metrics and resource trends.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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