This past Friday, global financial markets lost about two trillion dollars, in the wake of the results of the Brexit vote. That’s a very large number, and I’m trying to wrap my head around it.
Here are are several ways to look at it: Assuming the market was open for eight hours, that’s two hundred and fifty billion dollars an hour.
Which comes out to a little more than four billion dollars a minute. Still a little difficult to grasp.
Fortunately, the financial markets lost only about seventy million dollars a second. Ah, now that’s a much easier number to understand.