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It's nearly a trillion dollars. Yes, a trillion dollars is market-making. If it all moved at once world economies would shit themselves for a time. Even beyond
by jsmthrowaway 10y ago
It's nearly a trillion dollars. Yes, a trillion dollars is market-making. If it all moved at once world economies would shit themselves for a time.
Even beyond that, there are only about 200 sovereign states in the world. I'd say a country like Norway, with fewer citizens than the state of Washington, controlling 1% of global anything is noteworthy and undeserving of scoff.