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To: bananaman22

How much of the world’s wealth has been wiped out?


7 posted on 01/20/2016 10:34:35 AM PST by grania
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To: grania

I heard $3 Trillion on Fox Business this morning. I’m sure it is a rounded number. Rounded up, or rounded down, I don’t know.


9 posted on 01/20/2016 10:39:47 AM PST by gwjack (May God give America His richest blessings.)
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To: grania

>>How much of the world’s wealth has been wiped out?<<

Does my retirement count?


10 posted on 01/20/2016 10:44:49 AM PST by freedumb2003 (Don't mistake my silence for ignorance, my calmness for acceptance, or my kindness for weakness)
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To: grania
How much of the world's wealth has been wiped out?

None. The perception of wealth has been altered, but "no" actual goods or services disappeared (note the quotes around "no" -- I don't mean there has been zero residual damage, but when people talk about a $1T drop in stock market valuation being a $1T loss in wealth -- actual stuff -- that's just nuts).

18 posted on 01/20/2016 10:59:29 AM PST by Darth Reardon (During the Great Depression, World War I was referred to as the Great War)
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