Filed in archive
markets
by leon on October 11, 2008
Fear and panic have gripped the world's markets. On Friday, Wall Street continued its plunge, with losses for the year reaching an amazing $8.3 trillion.
But if you look at the data closely, you will see we are now seeing a decade of wealth destruction. The S&P500 shows 11 years of no net growth:
In London, the FTSE tells a similar story, falling to its lowest level in more than a decade.
It's a similar right around the big markets around the world. Of course, we are not talking about dividends here but that's not the point. The level of capital destruction around the world does not bode well for investors looking for some place to park their money, or what's left of it.
Permalink: Markets and the destruction of wealth
Tags:
wealth
destruction
stock
markets
2007
markets+destruction
destruction+wealth
advertisement+book
Trackback: http://publish.creative-weblogging.com/publish/mt-tb.pl/136004
Addthis
Ask
Blinklist
del.icio.us
Digg
Fark
Facebook
Google
Lycos
Ma.gnolia
Mr Wong
Netscape
Netvousz
Newsvine
Reddit
StumbleUpon
Slashdot
Tailrank
Technorati
Wink
Yahoo
Vote for Markets and the destruction of wealth:
|
Rating: 6.00 out of 4 vote(s) cast.
|
Subscribe
Use the search to look for other interesting posts
| RSS |  See all blog subscribe options |
 What is RSS? | |
| Yahoo! |
|
| Addthis |
|
| Bloglines |
|
| Newsletter | |
| Follow us on Twitter! |
