Monday, August 23, 2010

Six Trillion Dollars

Six Trillion Dollars?

Dean Baker, co-director of the Center for Economic and Policy Research, estimates that it will take 20 years to recoup the $6 trillion of housing wealth that has been lost since 2005. After adjusting for inflation, values will never catch up.

And then:

It made me feel slightly uncomfortable that I'm the person making all the decisions about my life.

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