Over $2 Trillion “Wiped Out” After Brexit: Friday Was the Biggest Single Day Loss Ever

by Mac Slavo

Whatever your feelings on the victory for Brexit campaigners in the UK, and the ensuing drama in Europe, the referendum has taken a heavy toll on the economy.

There were massive losses last Friday before the markets closed, and more than $2 trillion in wealth was wiped out. Hundreds of the world’s richest lost as much as a billion dollars in just a day.

And the worst could be yet to come.

The unprecedented market chaos was even larger than that which precipitated the 2008 financial collapse.

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