$60 Trillion loss = Over-Trimming of world economy. The situation is "highly serious". According to Dr. Marc Faber, S&P 500 will reach 100-levels. So DOW Jones will also reach 2000-levels. This will wipe out further $60 Trillion.
That would be $120 Trillion loss for the world economy because Real estate and Commodities will crash Rock Bottom
For past 80 years world economy has grown & crashed & grown bigger again. So people always think world economy will recover again.
Some damages are beyond repair. Example-: I used to trim a tree in my garden every year for 8 years. After each trim the tree would grow bigger & better. But the 9th year, I over-trimmed the tree and it never grew again. It Died.
http://www.marketoracle.co.uk/Article7923.html
http://elitetrader.com/vb/showthread.php?s=&threadid=149998
That would be $120 Trillion loss for the world economy because Real estate and Commodities will crash Rock Bottom
For past 80 years world economy has grown & crashed & grown bigger again. So people always think world economy will recover again.
Some damages are beyond repair. Example-: I used to trim a tree in my garden every year for 8 years. After each trim the tree would grow bigger & better. But the 9th year, I over-trimmed the tree and it never grew again. It Died.
http://www.marketoracle.co.uk/Article7923.html
http://elitetrader.com/vb/showthread.php?s=&threadid=149998