I’m 38. (A very young looking 38, I might add.) I don’t really know if that is old or young. It used to be old, like when my Dad was 38, but now that I’ve arrived at this juncture, it doesn’t feel too far down the highway from 28…or 18 for that matter.
I do know that I am old enough to remember a time when the word “Trillion” (in dollars) didn’t really mean anything. Saying a trillion was like saying a bajillion or a gazillion…it was just a word. Fast forward to now… According to Bloomberg, the US Housing Market is $4 Trillion dollars upside down….that’s $4,000,000,000,000…12 zeros! with a big fat four in front of them. 13 digits! That’s four million million.
Besides admitting my age, here’s another detail about me…I hate numbers…every last one (or 4 trillion) of them! So, I am at the point where I either need to reach for some Advil or just provide a link to Bloomberg and leave the financials up to the experts. The following article goes into way more detail than I could ever hope (or want) to http://www.bloomberg.com/news/2010-07-16/housing-bubble-leaves-4-trillion-hangover-chart-of-the-day.htm
Our buddies at ThinkBigWorkSmall, Frank and Brian, discussed this article today on their “Daily” as well. Check it out at the link below. If you are not a subscriber to their Daily, we highly recommend these guys. They provide good information with a heavy dose of some much needed comic relief. You can sign up for their Daily on their site, or just send me a message (firstname.lastname@example.org) and I’ll sign you up for our syndicated version. Here’s the link to today’s:
Yours in Success,
Trent from CSSP