On Friday, the Dow lost another 224 points.

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n Friday, the Dow lost another 224 points.

The Wilshire index, meanwhile, is helpfully quoted in dollars. So you can see immediately how much money people are losing. From the top around 15,900 to last week - when the index bounced around 14,600 - is a loss of $1.3 trillion.

That’s in US dollars. But the US dollar has lost about 10% of its value this year. So, the real world loss to investors is more than twice that amount… or around $3 trillion.

(John Connelly, treasury secretary under Richard Nixon, once famously remarked to a group of European visitors: “It’s our dollar, but it’s your problem.” That was back in the days when America still had an almost-positive trade balance. Now, when the United States needs nearly $3 billion in foreign money every day, the dollar has become OUR problem too.)

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