Dec 08
11

$1 Trillion Dollars a month

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Ritholtz reads the Federal Reserve Bank’s flow of funds and discovers that household net worth is falling at the breathtaking rate of $1 trillion dollars a month. Just 56 more months of this and the entire country will have negative net worth! Eeeeyyyaahhhhwww!!!

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Tags: finance, recession

This entry was posted on December 11, 2008 at 8:40 pm. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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