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Mad Hedge Fund Trader
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John Thomas graduated with a bachelor’s degree in biochemistry with honors and a minor in mathematics from the University of California at Los Angeles (U.C.L.A.) in 1974. He moved to Tokyo, Japan where he was employed by a medium-sized Japanese securities house. Thomas became fluent in... More
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  • Do you fee $10 trillion Richer? 0 comments
    Jun 15, 2009 12:44 PM | about stocks: SPY

    I am constantly in search of the big macro numbers that explain the world to me, so it is with some fascination that I publish the chart below, courtesy of Mark Perry, which wonderfully quantifies the carnage we have endured since the 2007 peak.  World stock market capitalization fell $35 trillion, or 54%. It has since bounced by $10 trillion over the last three months. Do you feel $10 trillion richer? I don’t think so. And you may be about to give up $5 trillion of that. If you throw in real estate and commodity losses, and net out gains from US Treasuries with losses in private bonds and derivatives, the net, net, net is that we went from a $100 trillion world to a $50 trillion world in two years. If I’m wrong on these figures, you can always deduct the difference out of my next paycheck.  

    Stocks: SPY
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