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.<\/p>\n
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.<\/p>\n
Which comes out to a little more than four billion dollars a minute. Still a little difficult to grasp.<\/p>\n
Fortunately, the financial markets lost only about seventy million dollars a second. Ah, now that’s a much easier number to understand. \ud83d\ude42<\/p>\n","protected":false},"excerpt":{"rendered":"
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 … Continue reading “$2,000,000,000,000.00”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/blog.kenperlin.com\/index.php?rest_route=\/wp\/v2\/posts\/17516"}],"collection":[{"href":"http:\/\/blog.kenperlin.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/blog.kenperlin.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/blog.kenperlin.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/blog.kenperlin.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17516"}],"version-history":[{"count":1,"href":"http:\/\/blog.kenperlin.com\/index.php?rest_route=\/wp\/v2\/posts\/17516\/revisions"}],"predecessor-version":[{"id":17517,"href":"http:\/\/blog.kenperlin.com\/index.php?rest_route=\/wp\/v2\/posts\/17516\/revisions\/17517"}],"wp:attachment":[{"href":"http:\/\/blog.kenperlin.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17516"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/blog.kenperlin.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17516"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/blog.kenperlin.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17516"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}