Ruchir Sharma compares U.S. global market cap to Japan's in the late 1980s

The U.S. today is about 55% of the global market cap, and its share of the global economy is 25%.  The last time such a large gap existed was in the late 1980s, when the Japanese market was 45% of the global market cap and Japan's economy was about 15% of the world total.

~ Ruchir Sharma, Chief Global Strategist, Morgan Stanley Investment Management, "Global View, Local Stocks," Barron's, April 8, 2019