Tuesday, December 9, 2008

Hey!...Where Did All the Wealth go?

It seems we have an answer for where all the wealth created in the last decade went...according to the World Bank, it simply evaporated.

"Following the insolvency of a large number of banks and financial institutions... capital flows to developing countries have dried up and huge amounts of market capitalisation have evaporated," the bank said.

Access article here; http://news.bbc.co.uk/2/hi/business/7774199.stm

Well, we know that water evaporates and then it turns to vapor and then it turns to rain and all comes splashing down on us again...right? So we just need to be patient and wait for it to rain...and the U.S. Congress is working hard to seed the clouds with about $2 Trillion of manufactured money...money we have to borrow from other countries. What a great idea!! (insert sarcasm here).

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