According to @KobeissiLetter, US private sector financial assets relative to GDP have reached 6.1x, one of the highest readings on record and just below the 2020-2021 peak when the economy was recovering from the pandemic (source: @KobeissiLetter). According to @KobeissiLetter, the ratio has risen nearly 50% since 2008 as stock market growth has significantly outpaced the real economy (source: @KobeissiLetter). According to @KobeissiLetter, the size of private sector financial assets relative to GDP has doubled since the 1970s, concentrating wealth among asset holders and widening the wealth gap at a rapid pace (source: @KobeissiLetter).