Margin Debt (Leverage) as % of U.S. Total Stock Market Value + bonus: overlaid recessions and stock market drawdowns:
π = 1.71% = not a 'crazy' value imho
π naturally, a better measure than as % of GDP, and also as a $ dollar number
P.S. mid 2025 I did an entire post on Margin Debt, many visuals and angles covered, I will update the charts in the updated report this summer -- until then can read the previous one (link in the next tweet):
βοΈ Margin Debt (Leverage/Borrowing) by Retail Investors. Maverick Special #7