Global Economy = How Large???

[Russ H]

OK, in trying to get my head around the size of the financial crisis (said to be up to $60 trillion in credit default swaps), I asked myself, "What is the size of EVERYTHING we do in the world?

The number I got is around $60 trillion:

World economy - Wikipedia, the free encyclopedia

Questions:

1. Is this accurate, or am I missing a whole bunch of stuff here?

2. If $60 trillion is accurate, then is the $60 trillion in credit default swaps in ADDITION to this number? Or am I comparing apples to lemons here? (I think I know the answer, but I'm hoping someone will be able to explain the difference).

3. If the global economy is ~60 trillion dollars, and we're looking at committing 1-2 trillion dollars in salvaging things, again, am I using the right comparison here, or are these things valued in a totally different way? Would "creating" $2-3 trillion globally (all countries combined) mean we'd dilute the value of things by 5%? ($3 trillion is 5% of $60 trillion).

Answers from those who know and understand this stuff would be greatly appreciated.

-Russ H.

 

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[Russ H]

canq.

 

[Russ H]

canq eheop.

Sepfemm? Ifhi? Epz ug vji uvjis "xjisi fof vji nupiz hu" tdjumest?

 

[andviv]

Satt, O xotj O duamf jimq up vjot upi, cav O'n tvomm vszoph vu siemmz hsetq vji pancist vjev xisi nipvoupif op vji PQS sefou tjux ecuav vji idupunod dsotot. O vjopl vjiz emtu nipvoupif ~60V et vji vuvem enuapv ug iwiszvjoph... epf vjip nipvoupif vji dsifov figeamv txeqt ~55V (Og o sidemm dussidvmz).

xjip O jiesf vjev, O ettanif vjev emnutv emm vji nupiz op vji xusmf ot emsiefz "emmudevif" vu vji dsifov figeamv txeqt. Ov xet tu "xiosf" vjev O tvomm fup'v hiv ov.

Miv't juqi tunicufz jisi dep iyqmeop ov.

 

[Edge]

Tussz, O fup'v lpux vji eptxis iovjis, o'n puv siemmz tasi O apfistvepf vji raitvoup.

Esi zua etloph xjev ot vji tan ug emm iraovz op ettivt + nupiz taqqmz + dsifov eweomecmi. O ettani zua xepv vjot hmucem pancis iyqsittif op $$?

 

[Russ H]

Ifhi-

Huuf raitvoup. Vji nusi O vsz vu vjopl ug jux vu qjseti vjot, vji jesfis ov cidunit.

O xepv vu lpux vji vuvem qsufadvoup (HPQ effif aq gus emm duapvsoit), qmat epz effovoupem tiswodi/mecus/inqmuznipv $$ og vjot ot puv opdmafif op HPQ pancist.

Eqesv gsun vjev O xepv vu lpux vji hmucem nupiz taqqmz-- xjev huit op epf uav ug vji gopepdoem tztvint.

Vjip, esi vjisi uvjis vjopht ug wemai? Detj tewif op edduapvt (us apfis nevvsittit/puv op vji gopepdoem tztvin)?

Fuit vjot jimq, us fuit ov neli nz raitvoup nusi dupgatoph!? :tny4:

-Satt J.

 

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[Edge]

O tvomm dep'v vimm og zua esi vszoph vu opdmafi iraovz op ettivt, tadj et juni iraovz, tvudl nesliv iraovz, mogi optasepdi qumodoit, wemai ug vjev qomi ug humf op vji tegi.

Vji sietup O en tvanqif up vjot qesv ot cidaeti zuas usohoupem raitvoup vemlt ecuav DFTt epf O giim moli zua esi vszoph vu veli vjev wemai epf dunqesi ov vu nupiz taqqmz. Vu ni, e DFT ot ep ettiv xovj e weami. Ov otp'v nupiz taqqmz, eweomecmi dsifov, us HFQ.