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Should “Eat my dust” replace “E pluribus unum”? U.S. and European stock-market capitalizations were comparable at the end of 2009. Now estimates show that the U.S. market is more than three times the size of Europe’s.
The dollar and euro are close to parity. A Canadian dollar will buy you only 69 Lincoln pennies.
Chinese consumers have lost $18 trillion in real estate since 2021, more than U.S. households lost in the 2007-09 financial mess.
Eat my dust indeed.