7.6.17

DUMB.

Apple’s market cap has eclipsed the city of Chicago’s real GDP.  "Technology companies have grown so large that they’ve surpassed the economic values of major American cities, according to data from Bank of America–Merrill Lynch, which chose company market capitalizations and metropolitan gross domestic product as its comparative basis."  More sharp thinking from the Wizards of Smart who crashed the financial sector in the first place.  Predictably, the Occupy types are seizing on this comparison to identify a new golden goose to kill.

Perspective, people.  Once upon a time the real estate under Tokyo's Imperial Palace was worth more than the entire state of California.  There, at least, we're comparing like with like.  But a lot of people have been wiped out investing in Japanese real estate, and Californian real estate, since them.

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