Monday, March 09, 2009

From the "Trickle Up" Theory of Economics...

Global Financial Assets Lost $50 Trillion Last Year, ADB Says
By Shamim Adam
March 9 (Bloomberg) -- The value of global financial assets including stocks, bonds and currencies probably fell by more than $50 trillion in 2008, equivalent to a year of world gross domestic product, according to an Asian Development Bank report.

I'm sure "lil' Timmy" Geithner will have it all straightened out in no time....

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