Thirteen Trillion Dollars. That’s what that number above amounts to.
It’s also the amount that has been lost since the U.S. real estate and stock markets topped out what feels like ages ago.
Disappearing now: $6 trillion in housing wealth
Los Angeles Times
April 30, 2008
WORLD EQUITY MARKET DECLINES: -$26,000,000,000,000
Bespoke Investment Group
October 8, 2008