How much has been lost ??

How bad is the economic crisis ?? Blackstone Group LP, private equity company, says that up to 45% of the world’s wealth has been destroyed by the global crisis. The damage has been during a year and a half. I hope for the sake of our economy, the Obama administration steps up the effort to bring back the economy to where it is once was when the stock market topped 14,000. Does anyone remember that ?? It seems so far away, but it was only October 12, 2007 when the Dow closed at 14,093 points. Since then, the Dow has dropped almost 49% (6,865.05 points). They have their work cut out for them.

 

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