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by geysersam
22 hours ago
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Call it progress, call it "economic leverage", a very inflated stock market is no good measure for either. It's true the US economy has grown faster than the European in the last two decades, for sure, I agree with you. It's just that the apparent magnitude of the difference depends on what metric you choose, and I just mean that the value of the stock market seems like a poor metric. |
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It absolutely is. If my assets are worth twice as much as yours, I have more options to mess with you, and you have less resources to fight me back.
It's how rich people can bully poor people in court. It's how rich countries can bully poorer countries.