So what happened since then? The US governmental debt has nearly doubled as a share of GDP since 2007 from 64% to 124%. The S&P500 Shiller CAPE ratio, measuring the S&P 500's cyclic adjustment of price-to-earnings ratio, sits at around 40. After such a peak, stock prices tend to decline, for instance, in 1999 it reached an all time high of 44, right before the dot-com bubble burst. Moreover the Buffet Indicator (total market cap of US stocks/GDP) hit an unprecedented 220%. In comparison, it h...