6 ms·
> Median household wealth collapsed. > 2007: $126k > 2016: $97k > The number of Americans worried about the economy multiplied nearly sixfold. > 2007: 16 perce
by dominotw 8y ago
> Median household wealth collapsed.
> 2007: $126k
> 2016: $97k
> The number of Americans worried about the economy multiplied nearly sixfold.
> 2007: 16 percent
> 2008: 86 percent
> The market value of all publicly traded companies was cut > in half.
> October 2007: $63 trillion
> March 2009: $28.6 trillion
These numbers are all over the place first stat is comparing 2007 to 2016 while the very next stat is comparing 2007 to 2008 and the next one is comparing 2007 to 2009.
I can't make any sense of those numbers how were those particular years selected for comparison for a particular stat( whats so special about mar 2009) .
- neogodless 8y agoI haven't read the article, but I saw your question - I believe March 2009 was the low point for the market index. At least, I remember saying to myself, "Self, you should totally find a way to come up with cash and dump it in the market right now!" Of course, I did not. But I was right. Of course, ideas are worthless without execution...
- dominotw 8y agoYea I think article should have been called * worst things that happened in last 10 yrs after crash* not * still living * Because markets are not still at mar 2009 level. What an idiotic article.
- Ntrails 8y agoIt's just doing the standard low effort scarestory stats trick. Here are some really big numbers picked entirely for visual impact, not because relevant.
- AnimalMuppet 8y agoWhen GE went to $6/share, I knew it was massively undervalued. I thought about borrowing money to buy shares. I would have easily tripled my money in the next year or two, but I lacked the courage to do it in that economic climate. Buffet's maxim: "Be fearful when others are greedy, and greedy when others are fearful." But I was too fearful to be greedy...