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Yes, it's Wall Street's job to watch this carefully and determine when things will bottom out. Financial services account for 20% the US GDP.[0] I don't think
by ipnon 7y ago
Yes, it's Wall Street's job to watch this carefully and determine when things will bottom out. Financial services account for 20% the US GDP.[0]
I don't think it's well understood by the general public how many people work in finance or the scale of their endeavors.
[0] https://www.washingtonpost.com/news/monkey-cage/wp/2016/03/29/how-wall-street-became-a-big-chunk-of-the-u-s-economy-and-when-the-democrats-signed-on/ https://www.washingtonpost.com/news/monkey-cage/wp/2016/03/2...