One of the Richest Countries in the World Now Has One of the Cheapest Stock Markets

by Tim Staermose
Sovereign Man

One of the wealthiest countries in the world– the place where there are more millionaires per capita than anywhere else on the planet– now has a dirt cheap stock market.

It’s Singapore.

And right now, the total market value of all stocks traded in Singapore amounts to about 107% of the country’s GDP.

The historical range for this number over the past few decades has as high as 418% during the bubble years in the 1990s, and as low as 92% at the height of the 2008 financial crisis.

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