Who's Actually Paying for the $10 Trillion Future?

There isn’t enough money in the world to support the future we’re pricing in.

Not enough customers. Not enough income.

And yet, we talk casually about $10 trillion markets like they’re inevitable.

Somewhere along the way, we stopped treating trillion-dollar valuations like what they actually are: absurd, planet-shaking sums of money that would have seemed unthinkable in any serious financial conversation just a decade ago.

Now they’re tossed around...