Updated 4 months ago
Update April 9: $12 Trillion lost wealth so far to fix a $1 trillion dollar “problem“
The market has lost $4 trillion so far this year. Distributed evenly, that would be $12,000 for every American man, woman and child. That’s the wealth equivalent of 12 Elon Musks or ~400 Donald Trumps.
A pile of $4 trillion in $100 bills would be a massive stack, roughly 271,466 miles high or about 4.3 times around the Earth’s equator. Or, stuffed in a building 116′ high/wide/long.
And this is just domestic money.
The amount of wealth destruction by a single person is truly staggering. And it’s only been just over 6 weeks.
