HUGE, Scary Divergence Between Asset Prices and GDP

Want to know what scares me stiff? Charts like this. It shows the epic, never-before-seen, HUGE divergence that exists between asset prices (the financial world) and GDP (the real world). We have literally never seen such a huge gulf open up – with this bubble making even the dot-com and housing bubbles pale in comparison. 

I dubbed this the “Everything Bubble” a while back. The chart names it a “Central Banker’s bubble.” But whatever you want to call it, it shows what a tightrope we’re walking right now, even as the timing of the inevitable convergence between asset prices and the underlying economy remains up in the air.