diverdog
7/23/2012, 10:53 PM
I thought this was interesting:
http://www.fool.com/investing/general/2012/07/17/100-mind-blowing-facts-about-the-economy-.aspx#.UA4bKI45tFI
Some of my favs:
7. China's labor force grew by 145 million from 1990 to 2008. The entire U.S. labor force today is 156 million.
30. Since 1994, stock market returns are flat if the three days before the Federal Reserve announces interest-rate policy are removed.
48. The median American family's net worth fell to $77,300 in 2010 from $126,400 in 2007, according to the Federal Reserve's Survey of Consumer Finance. That erased nearly two decades of accumulated wealth.
72. In 1990, the three largest U.S. banks held 10% of the industry's assets. By 2008, the top three controlled 40% of the assets.
92. According to biographer Ron Chernow, John D. Rockefeller's net worth peaked at $900 million in 1913. That equaled 2.3% of the U.S. economy. A comparable net worth today would be $340 billion, or eight times richer than Warren Buffett.
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http://www.fool.com/investing/general/2012/07/17/100-mind-blowing-facts-about-the-economy-.aspx#.UA4bKI45tFI
Some of my favs:
7. China's labor force grew by 145 million from 1990 to 2008. The entire U.S. labor force today is 156 million.
30. Since 1994, stock market returns are flat if the three days before the Federal Reserve announces interest-rate policy are removed.
48. The median American family's net worth fell to $77,300 in 2010 from $126,400 in 2007, according to the Federal Reserve's Survey of Consumer Finance. That erased nearly two decades of accumulated wealth.
72. In 1990, the three largest U.S. banks held 10% of the industry's assets. By 2008, the top three controlled 40% of the assets.
92. According to biographer Ron Chernow, John D. Rockefeller's net worth peaked at $900 million in 1913. That equaled 2.3% of the U.S. economy. A comparable net worth today would be $340 billion, or eight times richer than Warren Buffett.
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