Quoth the Raven
· QTR’s Fringe Finance
· 21 июля 2026, 11:31
· ⏱ 11 мин чтения
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Резюме
The article argues that the rise of trillion-dollar valuations in markets reflects both genuine economic growth and inflation/monetary expansion, urging investors to distinguish between wealth creation and nominal scale. This implies that high valuations may be distorted by easy credit, and investors should scrutinize whether they are betting on real productivity or monetary illusions.
•At least 12 American companies have trillion-dollar market caps; Apple is approaching $5 trillion.
•BlackRock manages over $15 trillion in assets.
•SpaceX's 2026 IPO valued it at $1.7 trillion, briefly pushing Elon Musk's paper wealth above $1 trillion.
•US national debt crossed $1 trillion in October 1981; annual deficits now exceed the entire national debt of 45 years ago.
•Technology firms are investing trillions in data centers, semiconductor capacity, and power systems.
•The article distinguishes trillions from entrepreneurial discovery versus those from monetary expansion, leverage, or debt.