The buffet indicator is over 170%

[Jónas Tryggvi Stefánsson]

The buffett indicator is at over 170%, a hostoric high (ref. Business Insider, other). 

I'm not for predicting the future but it appears that this metric has been quite accurate in the past in terms of indicating an imminent down turn.

Sure, it's due to a lack of production because of covid and the stock market not adjusting correctly yet and maybe the economy will manage to go towards the right direction before its too late, but how are you reading into the situation?

I'm personally just going to continue working on building recession proof assets and have reserves. But I'm interested in seeing what others are thinking about this situation.

I posted this in the official BP Facebook group aswell for anyone interested.