UnThreaded | Threaded | Whole Thread (12) | Ignore Thread Prev | Next
Author: howardgt One star, 50 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 35387  
Subject: Re: 60 Minutes, 401ks, & Saving Date: 4/21/2009 2:57 AM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
The debt numbers are especially interesting if we also consider a $10.5 trillion national debt.

Correction: The U.S. national debt is now over $11 trillion and $4.5 is reflected in treasuries debt listed in previous post (probably higher now). The remaining amount of national debt is borrowed from social security and other government trust funds.


Also, U.S housing stock was estimated by Federal Reserve at $20 trillion in Dec 2007. I’ll estimate $17 trillion now. Minus $7 trillion mortgage debt gives about $10 trillion housing equity.

So $10 T housing equity+ $9 T equity market gives total equity of about $19 trillion.
Total debt from table (and national debt) is approximately $35 trillion.

I know these numbers are not complete, but still, "Lots of Debt to Equity".

(This has nothing to do with the thread, but I like numbers)
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (12) | Ignore Thread Prev | Next


Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Post of the Day:
Berkshire Hathaway

Berkshire Beyond Buffett Event
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.