Archive for March 27th, 2008
The coming economic meltdown?
Thursday, March 27th, 2008Let me give you three numbers that will put this economic asteroid into perspective: $200 billion, $14.1 trillion, and $53 trillion.
# $200 billion is the approximate total amount of write-downs announced so far as a result of the current credit crisis.
# $14.1 trillion is the size of the entire U.S. economy
# And $53 trillion is [...]