Monday, January 26, 2009
Consider the Following:
The following information comes from the balance sheet's of the Federal Reserve's Flow of Funds Report
1.) Since the 4th quarter of 2007, US households have lost $7.09 trillion in net worth. The big categories are:
-- $2.9 trillion from real estate
-- $2.4 trillion from corporate equities
-- $.990 trillion from mutual funds
-- $1.8 trillion from life insurance
That's a ton of losses, isn't it?
Posted by bonddad at 1/26/2009 09:30:00 AM
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