493 million jobs lost worldwide

Discussion in 'Wall St. News' started by talknet, Jan 8, 2009.

  1. talknet


    Wal-Mart is worth $250 Billion and $60 Trillion = $60,000 Billions.

    Now 60,000/250 = 240. So $60 Trillion = 240 Wal-Mart companies.

    This means loss of $60 Trillion has shut down 240 Wal-Mart companies in the world.

    Wal-Mart has 2,055,000 employees.

    Now 2,055,000 x 240 = 493200000

    This means 493 million jobs have been lost worldwide because of $60 Trillion loss from commodities, stocks, bonds, real estate. This is DEFINATELY beyond rescue.

  2. Thank g-d I don't work for Walmart then.
  3. I am OK to shut down another 1000 walmart stores.
  4. talknet


    Everybody looks at Job data released by government. But nobody thinks of job-loss which can be equated with $60 Trillion loss.

    I have just posted an example for how much is the $60 Trillion worth to the world economy. I think only 1000 million or 1 billion people have jobs worldwide. If 500 million jobs are lost it's end of world economy.
  5. MGJ


    And it's all because of 10 million bad mortgages in the US? Each bad mortgage caused 49 people, somewhere in the world, to lose their job? Wow.

    I would guess that the average monthly payment on the average nonperforming mortgage, is roughly $6000. (Assuming it is refinanced to a 6.5% 30 year fixed rate mortgage, loan amount = $950,000). If each of those 49 people chipped in just $122 per month, they could pay the $6000 mortgage payment! Thus would remove a bad mortgage from the pool, and they could keep their jobs! Seems like a good deal, pay $122 per month and keep your job. why isn't Paulson working on it?