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Message Board > Cruiser Lounge > Cruising to Talk   Where did the trillions go?

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Old 1st January 2009, 11:45 AM
Keith's Avatar
Former Cruisemaster
(Deceased 2012)
 
Join Date: Jan 1999
Posts: 899
Question Where did the trillions go?

"All told, about $7 trillion of shareholders’ wealth — the gains of the last six years — was wiped out in a year of violent market swings."

That quote from the New York Times raises an interesting question: where did those trillions go? And if, in truth, it never really existed, isn't that a Ponzi scheme?

http://www.nytimes.com/2009/01/01/bu..._r=1&th&emc=th
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