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This Week in Numbers – Money Morning

This is a syndicated repost published with the permission of Money Morning. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

It’s the numbers that count in this crazy world. They can tell stories that words can’t.

Here’s a look at some of the fascinating, infuriating, amusing, depressing, and altogether important numbers that the world has put up on the board recently – and why you need to know them.

$18,816.59 The revenue JPMorgan Chase & Co. (NYSE: JPM) expects to pull in during the time you’re reading this sentence. A full-time worker making the federal minimum wage will make just $15,080 in a year.

156,224,489 The world’s total gold supply and demand, in ounces, in 2013. 68.7 million ounces are needed for jewelry, 1.1 million ounces for dentistry, and 1.06 million ounces are needed by ETFs.

54 The average number of months in a bull market since 1950. The current bull market has run for 54 months, since March 2009, and a correction, at minimum, is looking more likely each day.

336,000 Initial jobless claims were filed last week – if you believe what the government says. The U-6, or “real” unemployment rate, remains above 14%.

$7.5 billion The amount of redemptions Bill Gross’ PIMCO Total Return Fund Institutional Class (MUTF: PTTRX) fund paid out in July 2013. The largest fund in the world, Total Return still has $262 billion in assets under management.

6 The number of consecutive trading days the Dow Jones Industrial Average has been on a losing streak. A downturn of 20% or more across multiple indexes for at least two months means a bear market is here.

9 The number of hours journalist Glenn Greenwald’s partner, David Miranda, was detained by London’s Metropolitan Police Service. Miranda was merely transiting London Heathrow Airport on the way home to Rio de Janeiro. Greenwald, an American journalist, facilitated Edward Snowden’s NSA whistleblowing in the UK’s The Guardiannewspaper. Miranda was carrying sensitive materials obtained from Snowden himself. Police seized the materials, while the United States was given advance notice of the plan.

Editor’s Note: We’ve got another number for you – 5 – the number of profit plays our experts delivered in this just-released analysis… get them here.

497 The number of days until 2015, when the People’s Republic of China says the yuan will be convertible and traded in London. The Bank of China’s Li Lihui believes full convertibility is possible by 2025 or 2027, which means the U.S. dollar’s position as the world’s reserve currency of choice could face a serious challenge by that time.

72 The number of consecutive hours worked by Bank of America Merrill Lynch intern Moritz Erhardt, who was just 21 years old when he collapsed and died in his London dormitory this week. Reports from Erhardt’s friends and colleagues suggest he was “encouraged” to work as hard as he did.

0 The number of market-moving Tweets from legendary investor Carl Icahn this week – so far. Last week, one Tweet from Icahn, and one reply from Apple Inc. (Nasdaq: AAPL) CEO Tim Cook – just 43 words, or 256 ASCII characters with spaces – sent AAPL shares soaring to six-month highs.

Bonus: And this week’s magic number…

$7 trillion The sheer amount of wealth created by this 14-mm device

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