[slushh]

It's only a bubble if there is no value to back it up. Is the housing market going to crash or are consumers going to be unemployed to the point that they cannot pay back the household dept?

Otherwise, I like to believe that rising dept ratios only reflect that the people who know how to invest profitably are not the people who currently have money.

With AI at the horizon, is a value of 2 high for the Buffet indicator? If only big companies have the resources to train NN, who but those traded companies is going to capture the entire GDP?