For the most part, the precipitous rise of the New York Stock Exchange in recent years, has garnered more attention than any other stock exchange in the world. After reaching the highest levels seen since the Dot-com crash, it’s obvious that the Dow Jones and NASDAQ have reached another absurd, bubble infused peak.
But our stock market is not alone in this regard, and the recent rise of the Chinese Shanghai Composite makes our stock market look sane by comparison. It’s risen 58% over the past year. Though it hasn’t reached the previous peak seen just before the crash of 2008, it’s climbing day after day at an unprecedented rate. Here’s what their stock market has looked like over the past 10 years.
You can plainly see the rally of 2007 as well as the current rally, side by side. Both were in sharp contrast to the norm, but the current rally is making gains at an even faster rate that the previous rally.
Move along everybody. There’s no global debt bubble to see here.
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Contributed by Joshua Krause of The Daily Sheeple.
Joshua Krause is a reporter, writer and researcher at The Daily Sheeple. He was born and raised in the Bay Area and is a freelance writer and author. You can follow Joshua’s reports at Facebook or on his personal Twitter. Joshua’s website is Strange Danger .