The sheer size of the numbers is simply mind-boggling: 12 American companies have a market value of $30 trillion? Note that the U.S. GDP is about $30.8 trillion in nominal terms for 2025, according to IMF forecasts. There are only so many trillions of dollars that can disappear from investors’ portfolios before a recession is …
Tag: Big Tech
The world is moving from a regime of deflationary globalization to a regime of geopolitical inflation
Investors around the world continue to act as if the AI boom is more important than the bond market. And they are giving US President Donald Trump the opportunity to counter the high gas prices with record performance on Wall Street – where the richest 10% of households own 90% of the stock market. The …