h1

Forget Points-1.1 Trillion Lost Today

September 29, 2008

That’s right, $1.1 trillion dollars just went buhbye. The GDP of the US is anywhere from 13.84 trillion (CIA World Factbook, 2007 est.) to $14.29 trillion (BEA, Quarter 2, 2008). $1.1 trillion represents 7.9 percent to 7.6 percent of that. Just to give you a better idea of what just happened. The biggest point loss in Wall Street history, but more importantly, the most amount of money lost.

Don’t think for one minute that this only affects Wall Street, it will hurt Main Street, it will cause businesses you wouldn’t think could be hurt by this to falter, it will drill into your wallet.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: