Good-bye $26 trillion
Bespoken has a post which tallies the decline in the world equity markets since last October, $26 trillion dollars which is 41% of the world equity markets.
Looks like the US leads the pack with $7 trillion in losses.
Hmmm.... I am not sure on the "exact" population difference between Canada and the US. I always just use 10 times difference. If that is the case, the loss per person in Canada is higher then the US.
I am still in the deflation camp, although I am watching these print money campaigns closely. I still think the rate of loss from leverage will be faster then printing, but at some point that may change.
And certainly high unemployment is deflationary because it pushes wages down.