Epilogue

Abstract

This past year has been without parallel since the Great Crash and the Great Depression. It seems that no market has remained untouched. The world’s publicly traded companies and partnerships have lost almost half of their value, from a peak of almost $60 trillion, to a little over $30 trillion now. If we look at the value of the world’s stock markets and housing markets, almost half of the wealth has evaporated. We now talk in tens of trillions of dollars of international losses, and we don’t know if the bleeding has finished.