Galaki

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Galaki on 12 June 2009

source

Hey, America: You Lost $1.3 Trillion!

By Meg Marco, 1:49 PM on Thu Jun 11 2009, 2,547 views

Feeling poorer lately? You are! A new government report says that $1.3 trillion dollars of American wealth was vaporized in the first quarter of 2009.

CNN says:

Household net worth fell to $50.4 trillion, according to the report by the Federal Reserve. Americans' stock holdings plunged 5.8% to $5.2 trillion, while their home value dropped 2.4% to $17.9 trillion.

If it makes you feel any better, however, the rate of money zapping is apparently slowing. So there's that.

Americans' wealth drops $1.3 trillion [CNN]

Well, apparently, nobody learned to make the money reappear. What a shoddy magic trick.

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RCTjunkie

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RCTjunkie on 12 June 2009

Cool! The stimulous is paid!

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fmc83

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fmc83 on 12 June 2009

Probably you still don't get it.

The trick was not to make the money disappear. The trick was, that the money was never there in first place. Now that's what I call a shoddy magic trick.

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