Well, howdy there, Internet people, it's Bell again.

So today, we're going to talk about two red flag economic questions.

Okay, so today we're going over two very different questions,

but they end up pointing us to the same thing.

So, we can talk about them together.

Question one.

It's typical that now that the stock market is doing well,

liberals and CNN are telling us that a high stock market is a red flag for the economy.

You've said it too, but you've said it under Biden too.

Please explain to me how the stock market going up is bad. This is the point where you know I'm going to talk about the Buffett Indicator, but here's the next question.

Question two.

I was talking to a friend about the stock market and how it looks the way things did before

bad economic times. He said that the Buffett indicator is obsolete because it doesn't take into

account that companies are multinational now, so using the US GDP isn't a good way to gauge it.

Okay, so let's start with this. The stock market is not

the economy as a whole, but if the economy as a whole is shaky and the stock market is hitting

record-breaking highs, the two are totally divorced. I don't believe the Buffett indicator is obsolete.

But if a metric becomes obsolete because of new situations,

in this case revenue that isn't counted in the US GDP,

you don't just discount it.

You look to see if something else exists that would overcome the objection.

So, we need something that would include all of the earnings, even those from overseas.

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