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California’s GDP accounts for more than 35% of the entire United States. It’s practically the workhorse of the country. Its industrial development is vastly different from the rest of the nation. Culturally, there’s mutual disdain between California and other states. It would be better off splitting away. Let it split. Without these “leftists,” the U.S. would be better off, with the Republican Party firmly in power. And without those “right-wingers,” California would thrive too, free of Trump supporters! #California
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Large cap US stocks are getting larger: The largest 50 stocks' market capitalization to GDP ratio it at a record 110%. This ratio has risen ~40 percentage points since the October 2023 low exceeds the previous peak posted in December 2021. To put this into perspective, this percentage was 74%, or 36 percentage points lower, at the 2000 Dot-Com Bubble peak. In nominal terms, the 50 largest stocks are worth more than $30 TRILLION. That's ~50% of the entire US stock market's value.
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