Due to multiple QEs and low interest rates in developed economies across the globe, a Trillion won't be what it used to be by the time these companies reach that milestone.
(Just like a Million ain't what it was anymore at family level[1]).
> a Trillion won't be what it used to be by the time these companies reach that milestone
That's a far fetched premise given several of those companies are likely to hit that line in the next few years. It's not like Apple is $800b away from the line. Their stock needs to merely move up 7%. Amazon needs to move 15%.
At a minimum Apple, Amazon, Google, and Microsoft look poised to easily hit a trillion dollars in the not very distant future, obviously barring a market crash (and nobody knows when that is coming). A trillion dollars will still be a trillion dollars, so to speak, in five years.
What GP means is presumably, $1 trillion may be say 0.00x% of the monetary supply back in 2007.
But today, $1 trillion may only be 0.000x% of the monetary supply today.
It’s true that government measures of inflation has been fairly low. But those measures (since the 2000s) have been hedonstically adjusted; meaning say a laptop that’s 10% faster is considered 10% cheaper even if the price is the same.
> a Trillion won't be what it used to be by the time these companies reach that milestone
The article mentions this:
> An arbitrary race that many have been following on Wall Street is, which company will be the first to reach a trillion dollar market capitalization? [...] the race to a trillion dollars ends up hiding a much more interesting development that has been unfolding on Wall Street
(Just like a Million ain't what it was anymore at family level[1]).
[1] https://www.statista.com/statistics/300451/us-millionaire-ho...