06/12/17

The Global Equity Market’s 20 Trillion Dollar Mistake Exposed



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The Global Equity Market's 20 Trillion Dollar Mistake Exposed
// Silver For The People

zerohedge.com / by Kevin Muir via The Macro Tourist blog / Dec 6, 2017 2:45 PM

Last week there were all sorts of articles hitting the newswires about the fact the world's stock market total capitalization was pushing $100 trillion.

This article and chart from Business Insider sums up the reaction:

We first saw the chart in a note from CLSA analyst Damian Kestel: "I almost fell off my chair when I saw this and went to check that Bloomberg hadn't reclassified some data… but no. I included this chart of total equity market cap in [a previous note to clients] in early June this year. At that point total world market cap was US$74 trillion, it's now US$93 trillion," he wrote. (The chart excludes ETFs and the like, so there is no double-counting of single stocks in different indexes.)

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