However abstract market capitalization may be, and however far it may diverge from companies’ real assets, stock market trends still shape the fortunes of the world’s wealthiest people. In recent weeks, a wave of economic news has come from the United States, where the S&P 500 index set five records in just 20 days. The capitalization of the U.S. market now exceeds $62 trillion, accounting for about half of the global total. Despite frequent claims about the West’s decline, China’s rise and the formation of a new bipolar world, as of Sept.
Continue Reading on The Moscow Times
This preview shows approximately 15% of the article. Read the full story on the publisher's website to support quality journalism.