Nov 28 2008
$50 Trillion in Global Wealth Gone in 1 Year: Examining the Financial Markets of the World.
Even after the historic stock market rally, global markets have lost $50 trillion in wealth over one year. I think people still haven’t come to terms or grasp the magnitude of wealth destruction we have just lived through. Sure, we can flip out about the $200 billion the U.S. Treasury injected into consumer debt markets [...]
