Who's the King of Capitalism Now?
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We are!
The New York Stock Exchange and Nasdaq are jointly capitalised at around US$50 trillion as of last year. Astonishingly, this is equal to more than 170 per cent of US gross domestic product.
In comparison, the second largest economy:
... China’s market capitalisation is about 60 per cent of GDP, according to CEIC Data
I don't really pay that much attention to whatever opinions expressed in the article, but the contrast of the U.S. stock market capitalization relative to GDP and China's captured my attention.
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