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?