Where did $2 trillion come from?
Where did $2 trillion come from?
Sources:
The source of $2 trillion can be explained through a couple different scenarios:
-
Apple's Growth: Apple reached a $2 trillion valuation due to various economic, fiscal, and tax policies. This rapid increase occurred over 23 months following an initial 35-year journey to the first trillion, highlighting the importance of scale once a company reaches a certain size 1.
-
Government Spending: Governments, particularly the U.S., can obtain large sums like $2 trillion through borrowing. This involves the Treasury issuing bonds, which effectively means borrowing money from the public. If there aren't enough buyers for these bonds, the Federal Reserve can step in and create money through a process often referred to as "money printing," lending this newly created money to the government 2.
-
Wealth Transfer: An estimate from Fundstrat suggests that $2 trillion in wealth transfers from baby boomers to millennials annually through inheritance. This is part of a larger $76 trillion expected to be transferred over the next two decades 3.
Apple's $2 Trillion
Scott discusses Apple's rapid climb to a $2 trillion valuation, attributing it to economic and fiscal policies. The conversation highlights the significance of scale in achieving such milestones.PivotPivot Schooled #3: The Sharing Capitalists, with Uber CEO Dara Khosrowshahi and Gig Workers Collective co-founder Vanessa Bain123
Each of these examples reflects different mechanisms or phenomena that resulted in the mobilization or valuation of $2 trillion.