[KobeissiLetter: U.S. Margin Debt Hits Record High, Leverage Surpasses Dot-Com Bubble Era] According to KobeissiLetter data, U.S. trading margin debt surged by $30 billion in November, reaching a record $1.21 trillion, marking the seventh consecutive month of increase. Over the past seven months, U.S. margin debt has soared by $364 billion, a 43% increase. Adjusted for inflation, margin debt has risen 32% year-over-year, reaching an all-time high. The ratio of margin debt to M2 money supply has jumped to approximately 5.5%, surpassing the level during the 2000 dot-com bubble. Leverage in the U.S. investment market has reached an alarmingly high level.