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Knight's Trading loss

  
  Education
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Going around Wall Street last week….

Knight lost $440mil in ~45 minutes
That works out to ~$9.8mil a minute
Just for an idea of the speed at which they lost the money… they were losing money FASTER than the entire S&P was making it! (and we’re just talking Revs here not net income!)
The 500 names in the S&P made $5.06T in the trailing 12 months
Here is the math…
 S&P trailing 12 Revs  $5,062,957,971,936
 per day                  $13,871,117,731
 per hour                    $577,963,239
 per min                       $9,632,721
 Knight loss                 $440,000,000
 per minute                    $9,777,778

Indian Economy :Unknown Facts

  
Economy, Education
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Unknown Fact

India’s long-term local currency debt is rated at Ba2 by Moody’s, two levels below the investment grade and at par with Armenia and Turkey. Indian government debt accounts for about 80 percent of GDP. Standard & Poor’s and Fitch Ratings have a rating of BBB-, the lowest investment grade.

The government’s annual debt repayments will rise to 1.14 trillion rupees in the next fiscal year from 531 billion rupees.

The 10-year yield has risen 62 basis points in the past year, the worst performer during that period among the 10 Asian local-currency debt markets outside Japan, according to indexes compiled by HSBC Holding Plc. It fell 95 basis points in the previous 12 months.

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