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> 30% increase in one year

30% above the average. Households bought $1.6 trillion in Q3 of 2025, for example. (Foreigners bought a further $650 and $700 billion in Q3 and Q4, respectively.)

American capital markets are ridiculously deep.

> capital markets are ridiculously deep.

American market valuation is more than twice the entire US GDP. So ridiculous is a good description of what's going on.

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