Gary Stevenson

Okay, welcome back to Gary's economics.

Today we are going to explain why asset prices keep going up.

Okay, you're probably expecting me to do a breakdown of the local election results.

But I've been in France all week promoting my book.

So you are getting this video which I shot last week, which is inspired by the pretty insane situation which you may or may not be aware of, which is that last week,

on both Monday the 27th and Tuesday the 28th of April, which are just a couple of days ago and I'm shooting now, the US stock market hit a new all time high.

And just sit with that for a second.

Not just the US stock market, the Japanese stock market hit a new global all-time high today.

I'm shooting this on the Wednesday morning, 29th.

And this, I think, is for anyone who didn't know this, this is the first thing you need to know.

We're sitting here in the middle of a war which has been focused on

destroying the economy that is you know the basically iranian sort of primary plan is to like damage the global economy we are expecting to see like a pretty significant collapse in living standards all around the western world well not just the western world the entire world and

Yet, despite this intentional destruction of the economy, intentional collapsing of living standards, global stock markets are, in many cases, the highest they've ever been.

And it's not just Japan and the US, right?

So, you know, Japan and the US, all-time highs.

The Germany stock market is not even down on the year.

It's flat on the year.

The UK stock market, FTSE 100, is up 21% in a year.

I'll just go through them, yeah.

France up 11% Australia is up 2% Spain is up.