Stunning number

Ok, this one is really just too much.

Household wealth in the United States fell by $11 trillion in 2008.

I just checked, and in October 2008, the entire capitalization of the NY stock exchange was $10.1 trillion. Obviously the wealth number listed above includes all kinds of other assets like houses primarily.

$11 trillion GONE in one year. Just in the US! Total GDP for the entire world last year was roughly $60 trillion. 1/6 of total world output lost in one year, in one country.

My head hurts.