The article discusses the significant growth of the Dow Jones over the past four decades, from a low of 800 to surpassing 50,000, highlighting the wealth created in the U.S. economy.
The article reflects on the extraordinary rise of the Dow Jones Industrial Average from 800 in 1982 to over 50,000 today, marking an incredible period of wealth creation in the United States. It emphasizes that this growth represents a 60-fold increase in market value, even more impressive when adjusted for inflation, resulting in an approximate 12-fold increase. The author asserts that this unprecedent economic success positions the U.S. as a global leader in wealth generation.
Furthermore, the piece touches on the comparative market capitalizations, noting that U.S. publicly traded companies are now valued at over $70 trillion, outpacing other nations significantly. The article gives a nod to China, mentioning its market cap of around $11 trillion despite its larger population, and also cites the European Union and Japan's comparative market sizes. This reinforces the argument that while other countries are making strides, they have considerable ground to cover before matching the U.S.
In conclusion, the commentary avers that the principles of supply-side economics championed during the Reagan and Trump administrations have been vital in achieving this economic miracle. The piece seems to imply that continued adherence to these principles will be essential for maintaining this trajectory of growth, as well as potentially achieving even higher market benchmarks in the future.
