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Only because the stock market doesn't include private businesses, sole proprietorships, etc. If, hypothetically, all economic activity was securitized, and the
by solatic 3y ago
Only because the stock market doesn't include private businesses, sole proprietorships, etc. If, hypothetically, all economic activity was securitized, and the price of those securities collectively went to zero, then yeah, that's what an observation would look like of a non-functional economy.
- mkl95 3y agoI wonder how much Fortune 500 companies would tank as a result, considering they generate a large chunk of the world's GDP.