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by huijzer
1255 days ago
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> Of course a country’s stock market will perform well as that country ascends to become the world’s dominant superpower. There is probably more at play too. The number of banks, for example, has been declining steadily over time [1] as has the internet allowed single corporations connect to more buyers (nationally and internationally). Just think of all the local stores that Amazon has displaced. [1]: https://www.stlouisfed.org/on-the-economy/2021/december/stea... |
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