Any Common Cents Left???
One pension fund loses $60 Billion in a few months. A hedge fund hoses investors for $50 Billion. An entrepreneur in Minnesota bends over his investors for a couple billion. Rubin sued for costing investors over $100 Billion. Anyone adding this up?????
We have only identified four issuess and we approaching a quarter of a trillion dollars. We are not even discussing the trillions of lost wealth in residential and commercial real estate. What about the trillions of lost mortgage values?
I estimate about $20 Trillion of wealth was lost in 2008 alone between stocks, bonds, mortgages, and real estate.
you think printing a few trillion dollars or a less than a trillion dollar stimulous plan is going to make up for this evaporation of wealth and money?????
Not, only that, we are just entering the major part of the job loss cycle..............and we are giving banks money for free and charging consumers through the gills.........
from this perspective, common sense is being thrown out the window. Few people add anymore.....now you know why understanding accounting is far more important than economics when it comes to understanding the health of business. Reality trumps BS everytime.
We are not too far from calling code blue........is there a Dr. in the house?