17) I know you've all seen this, but here's where things stand today, roughly speaking. [LOTS OF CAVEATS, ETC.]
Liquid: -$8b
Semi: +$5.5b
Illiquid: +$3.5b
And yeah, maybe that $9b illiquid M2M isn't worth $9b (+$1b net).
OTOH--a month ago it was worth $18b; +$10b net.
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