The Guardian newspaper created a great graphic that explains where all the money went in the credit crunch. Perhaps the most scary thing is that actual amount of cash held by individuals and banks worldwide is $3.9 trillion whereas the total 'value' of all assets held at their peak was 290 trillion and these are falling past.
These include the toxic assets such as the derivatives and all the other wonderful financial instruments people decided to event.
The graphic can be seen here
Showing posts with label pyramid. Show all posts
Showing posts with label pyramid. Show all posts
Sunday, 8 February 2009
Where did all the money go?
Posted by
Charles Meaden
at
16:10
1 comments
Subscribe to:
Posts (Atom)