> We are talking probably ~150 trillion.
Yes, but we are talking about liquidity not valuations...
Believe it or not there is actually a shortage of assets and an excess of money. That's in part why valuations are so bonkers.
This is equities + bonds which are pretty liquid assets.
Believe it or not there is actually a shortage of assets and an excess of money. That's in part why valuations are so bonkers.