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
Showing posts with label The following information comes from the balance sheet's of the Federal Reserve's Flow of Funds Report. Show all posts
Showing posts with label The following information comes from the balance sheet's of the Federal Reserve's Flow of Funds Report. Show all posts
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