Here's one to take home with you tonight, although it might make it tough to keep your dinner down. Since last October, the value of stocks worldwide has fallen 41%, or $25.9 trillion. As shown in the chart below, Bloomberg's World Market Cap index has fallen from $62.5 trillion at its peak on October 31st, 2007 to its current level of $36.6 trillion. On an individual country basis, the US has lost by far the most at nearly $7 trillion. China ranks second at -$1.77 trillion, followed by the UK (-$1.72 trillion), Japan (-$1.54 trillion), and Hong Kong (-$1.47 trillion).
$25.9 trillion -- gone.
Would the amount of money leveraged entities borrowed to invest in this equity be even bigger?
Posted by: BenE | October 08, 2008 at 08:16 PM
...a pity. But life goes on anyway, doesn't it? Better luck next decade.
Posted by: karel | October 11, 2008 at 04:44 PM