{
  "HubID": "5361",
  "Date": "8/2/2025",
  "HubTags": [
    "External Platform Posts",
    "Future Map"
  ],
  "Contacts": "",
  "Companies": "",
  "File": "",
  "Image": "5361__Image_URL.png",
  "Summary": "<p>Here is a long-term chart showing U.S. margin debt.  Right now, risk appetite is through the roof in financial markets.  Margin investing -  borrowing money from a brokerage to buy securities so that gains get amplified, but also losses get amplified - has surged, growing 3x-6x faster than both income and net worth.  Surging margin debt can signal market tops because leverages builds fragility. It pushes prices farther than fundamentals can support, creating a house-of-cards effect.  It does not guarantee a crash, but raises the probability.  </p>",
  "Notes": ""
}