Here’s the map of the world, if size was determined by market cap

[Recursion]

http://www.marketwatch.com/story/heres-the-map-of-the-world-if-size-was-determined-by-market-cap-2015-08-12

Bank of America Merrill Lynch this month published a report transforming many of their investment themes into maps.

One of note is what the world would look like if sized by market capitalization.

The U.S. is still looking like the U.S. — and Japan is pretty hefty — but where did China go? And how is Hong Kong bigger than the mainland?

...

The U.S. market capitalization is $19.8 trillion, or 52% of world market cap, which the brokerage says is the highest since the 1980s.

[arcane1]

1. Africa appears to be non-existent in this appraisal. Funny how that works n/t

[Recursion]

4. Only South Africa, Egypt, and Morocco have exchanges

I didn't even notice that Egypt and Morocco were included until I looked more closely

[stevenleser]

14. I thought Kenya had one. I will doublecheck. nt

[stevenleser]

15. Yes, Kenya has one, it's market capitalization is 21 Billion.

https://www.nse.co.ke/

[Hassin Bin Sober]

2. But we are too poor to pay for health care.

[LittleBlue]

3. We are truly astonishing

Nothing equals American ingenuity and ambition even to this day. Our three largest tech companies are more valuable than France's total market cap.

[Depaysement]

5. They have someone to thank for it though

The American People

[Spider Jerusalem]

9. Not really?

The USA has 5x the population of France. Adjusted for population France's gross GDP is 90% that of the USA. Market cap is a bullshit measure for pretty much anything; revenues matter a bit more.

[LittleBlue]

10. We have a higher market cap than the rest of the world combined

310m vs the ~7bn other humans on this planet.

We truly are unique.

[Spider Jerusalem]

12. Yes, and you also consume 30% of the planet's resources...

and 24% of the energy with 5% of the population. Which is pretty deeply fucked up, unsustainable, and nothing much to be cheering about.

[LittleBlue]

13. One of the perks to building the greatest civilization in the history of the world

With that ingenuity, we will also develop the green technologies to save the planet.

[LanternWaste]

22. Except that research, investment and capital investment is already being done in other countries

"we will also develop the green technologies to save the planet..."

Except that research, development and capital investment is already being done in other countries at a pace far exceeding our.

"Greatest civilization in the world" is a much different animal than most consumptive and wasteful civilization on the wold. The former being mere bias, the latter objective truth.

[LittleBlue]

23. Nope

There has never been a civilization as dominant, wealthy and productive as ours.

Google Solar City. That will revolutionize green energy. Assuming we don't develop nuclear fusion reactors first. Our universities are at the forefront of fusion energy.

Whatever advancements come, you can be certain it will come from Silicon Valley, or some other tech center across the US, and listed on our stock exchanges.

[tabasco]

25. Oh jeepers.

Pick up a book sometime.

[LittleBlue]

28. I use Kindle. Paper books are better but

I've got so many shelves of books there isn't any more room.

[Rex]

31. Please tell me you just don't like history or read up much on the history of the human race.

If so, I can understand you lack of knowledge about human history.

[Rex]

30. The 'greatest civilization in history' was built on the backs of slaves and destoyed

Native American nations with glee. But you go on with your bad self.

[GreatGazoo]

6. Meaningless garbage. This is the kind of corporate, group-think PowerPoint circle jerk nonsense

that creates banking collapses. No wonder these people took us off the cliff in 2007/2008 (and will do it again soon).

"Where did China go?" -- What a stupid question for a financial entity to ask since natural resources, private and government owned entities are not part of market cap. The Chinese stock market holds only about 1/25th of China's wealth.

Have to laugh to keep from crying.

Here is wealth and growth -- Can you see China now marketwatch?

[stevenleser]

16. There are a million ways of comparing countries. No need to get bent out of shape.

It's not as if this study is hiding something. They are up front about what they are measuring.

[GreatGazoo]

19. "No need to get bent out of shape." -- Yes there is:

This is part of the drumbeat of propaganda by banks and Wall street to piratize Social Security.

When people steal from seniors it pisses me off.

[stevenleser]

20. No, it's really not. It has nothing to do with that. nt

[Rex]

32. Good observation.

You nailed it.

[HickFromTheTick]

7. Where's the debt map? n/t

[muriel_volestrangler]

33. (sorry, a useless map)

Last edited Thu Aug 13, 2015, 07:35 PM - Edit history (1)

(I found something I thought was about debt repayments, but it's hopelessly incomplete, and may just be about 2002 payments to the IMF)

[moondust]

8. Oh look where all the gamblers are!

[RadiationTherapy]

11. Can someone explain their conclusion or at least extrapolate some concepts from this data, please?

According to google: "Market capitalization is just a fancy name for a straightforward concept: it is the market value of a company's outstanding shares. This figure is found by taking the stock price and multiplying it by the total number of shares outstanding."

I don't know what to make of that map in the context of this definition.

[stevenleser]

17. It's just one way of many to compare countries. I suppose it's a measure of private investment.

Note I said "a" measure, not 'the' measure. To make it onto a public exchange, a company generally has to be pretty well established. So what this is saying is, the US has a huge share of the world's established, successful and largest companies.

Since most people in the US are employed by small companies, it's not even a full measure of all of the privately held companies in the US.

[RadiationTherapy]

21. It seems weird to have no units and the definition of market cap that I found

seems to be difficult to overlay onto maps.

[stevenleser]

24. Well, if you take some liberties it wouldn't be so bad.

Take the top exchanges of each country and use their market cap in US dollars. That would make it fairly easy.

[RadiationTherapy]

26. Meh. I'll be outraged elsewhere.

This topic isn't doing it for me. Sorry. Thanks for your help!

[KittyWampus]

18. What does market capitalization mean? The extent the economy includes people

getting credit?

[A HERETIC I AM]

29. It means if "KittyWampus Inc." was a publicly traded company....

and had 100 shares of stock outstanding and the share price was $10.00 then KittyWampus Inc. would have a Market Capitalization of $1,000.00.

Extrapolate that to all the publicly traded companies and you have total market cap.

It doesn't include things like creditworthiness or amount borrowed or available credit.

It also doesn't include the value of the mom and pop dry cleaners down the street that is not publicly traded.

Or Koch Industries, for that matter.

[PowerToThePeople]

27. USA looks to be the bubble. n/t

[muriel_volestrangler]

34. (GDP map withdrawn)

(The more I looked at the map, and its sources, the more I decided it wasn't worth looking at)