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If all the money in the U.S. only totals $6 trillion how can the New York Stock Exchange have stocks valued at $15 trillion?
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March 21st, 2009UncategorizedIn a previous Question of the Day, you state that all the money in the U.S. M3 money supply is $6 trillion. If there is only $6 trillion available, then how can the New York Stock Exchange say it is “home to some 2,800 companies valued at about $15 trillion in global market capitalization.” How can the stock market be worth $15 trillion if there is only $6 trillion available?
