Chart of the Day: World Stock Market Capitalization
The chart above (click to enlarge) shows the total capitalization of the world's stock markets, measured in trillions of US dollars, from Global Financial Data. During the 19-year period between 1980 and 1999, there was increase in world stock market value of $32.25 trillion, to about $35 trillion. In just the 5-year period between 2002 and 2007, there has been an increase in world stock market value of almost $35 trillion.
Bottom Line: There has been as much global wealth (measured by stock market value) created in the last 5 years ($35 trillion), as was created during the thousands of years it took to create the first $35 trillion (1999) of wealth. Not a bad record for globalization and the significant amount of wealth created in its wake.
6 Comments:
The good old days are NOW!!!
If you plotted this against the number dollars available each year, you would be even more astounded.
Oh wait, The Federal Reserve stopped releasing how many dollar they create out of thin air.
Steve
I was around during the 1980's and 90's. The reason we didn't create wealth was due to all the money we spent on hairspray, Lionel Ritchie records and spandex clothing. Not that everyone pirates music, is bald, and dresses like hobos, we can start saving some cash for other things.
I was around during the 1980's and 90's. The reason we didn't create wealth was due to all the money we spent on hairspray, Lionel Ritchie records and spandex clothing. Now that everyone pirates music, is bald, and dresses like hobos, we can start saving some cash for other things.
This no longer seems so convincing.
So why am I not 20 times richer than I was in 1980?
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