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Tyler Cowen: Stock Markets Are Driving a New American Century
The US’s growing financial dominance may be making up for its declining influence in other realms. The worldwide dominance of US equities is increasingly obvious. Of the top 10 components of the MSCI global stocks index — which itself now consists of about 70% US stocks — eight are US technology companies. The S&P 500 has breached the
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Posted: February 19, 2024 Monday 05:00 AM