Assets, GDP & Debt

Sudden Debt:

I have been saying ad nauseam that the US economy has become increasingly "asset-ized" and "financial-ized". A quick way to judge if an asset class is becoming overvalued against the economy's ability to produce goods and services is to examine the total value that assets represent vs. GDP, so without further ado here are a few charts.

First, the total value of stocks and Real estate vs. GDP for the US.