Shit. 500 trillion is a mind-boggling number. I wonder if humanity will last long enough for someone to one day see it hit 1 quadrillion.
No. The $500 trillion number is everything, but it's also bullshit and kind of meaningless so it's a person's house and then the mortgage. Which is then the asset (the house) being counted twice. I believe nearly nothing about the economy. It's not natural, it's all scripted and operated. A big chunk by Blackrock and Vanguard as you mentioned.
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