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Agreed, the amount of money exposed is smaller. But remember, the economy is drastically smaller as well.
by chailatte 16y ago
Agreed, the amount of money exposed is smaller. But remember, the economy is drastically smaller as well.
- achompas 16y agoDrastically smaller? If you're talking about the US economy, GDP is $5 trillion larger than in 2001. That's a 50% increase. [0] http://www.google.com/publicdata?ds=wb-wdi&met=ny_gdp_mktp_cd&idim=country:USA&dl=en&hl=en&q=gdp http://www.google.com/publicdata?ds=wb-wdi&met=ny_gdp_mk...
- chailatte 16y agoInflation. Gold is 7X today, wheat is 3X today, regular gas is 2X today.
- borism 16y agoHow much gas and wheat do you consume regularly as a proportion of your income? What about gold?
- achompas 16y agoTrue, I read "current" as "constant." Even using constant dollars, though, our economy is 18% larger between then and now. That's not "drastically" smaller. [0] [0]http://www.wolframalpha.com/input/?i=real+us+gdp+2001+to+2010 http://www.wolframalpha.com/input/?i=real+us+gdp+2001+to+201...