An observation I've made over many years is that the FT seems to make peculiar assumptions about what its readership knows.
Anytime there is a conversation about bond yields there is an obligatory parenthetical statement that says "(which move in an inverted ratio with bond price)". It occurs to me that 99% of FT readers would know that yields fall when prices rise.So imagine what I thought when I read an article about the Large Hadron Collider that includes this useful parethetical quote
"The protons in the LHC require 100megawatts of power ... Collided at more than 7 tera - or trillion - electronvolts. (One TeV is the energy given to an electron as it accelerates through a potential of one volt)"
I am nonethewiser. What does this mean? Is it enough to power a toaster? A house? Manchester? The big bang?