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Tax 'Em High | 74 comments (74 topical, editorial, 0 hidden)
Re: Tax 'Em High (none / 0)
Do you have data on leverage ratios in the stock market during the .com bubble?

Most economists teach a theoretical framework that has been shown to be fundamentally useless. -- James K. Galbraith
by Carrie (migeru at eurotrib dot com) on Fri Feb 27th, 2009 at 09:19:33 AM EST
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Re: Tax 'Em High (4.00 / 2)
It just happens that Sudden Debt has this data in the latest post.

suddendebt.blogspot.com

Pierre

by Pierre on Fri Feb 27th, 2009 at 09:56:01 AM EST
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Re: Tax 'Em High (none / 0)
That's spooky.

I thought there were restrictions on buying stock on margin?

"The future is already here -- it's just not very evenly distributed" William Gibson

by ChrisCook (cojockathotmaildotcom) on Fri Feb 27th, 2009 at 10:03:19 AM EST
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Re: Tax 'Em High (none / 0)
That chart is not of leverage ratios, but of absolute amount of margin debt.

One would have to divide that value into the market capitalization to find margin ratios.

Most economists teach a theoretical framework that has been shown to be fundamentally useless. -- James K. Galbraith

by Carrie (migeru at eurotrib dot com) on Fri Feb 27th, 2009 at 10:05:31 AM EST
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Re: Tax 'Em High (none / 1)
A nice leverage bubble peaking in early 2000, when the .com bubble peaked.

Most economists teach a theoretical framework that has been shown to be fundamentally useless. -- James K. Galbraith
by Carrie (migeru at eurotrib dot com) on Fri Feb 27th, 2009 at 10:03:58 AM EST
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Re: Tax 'Em High (none / 0)
Yup.

"The future is already here -- it's just not very evenly distributed" William Gibson
by ChrisCook (cojockathotmaildotcom) on Fri Feb 27th, 2009 at 10:06:45 AM EST
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Tax 'Em High | 74 comments (74 topical, 0 editorial, 0 hidden)
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