by Bill McBride on 12/11/2008 03:31:00 PM
Thursday, December 11, 2008
Some more data from the Fed's Q3 2008 Flow of Funds report ...
Click on graph for larger image in new window.
This is the Households and Nonprofit Net Worth as a percent of GDP.
This includes real estate and financial assets (stocks, bonds, pension reserves, deposits, etc) net of liabilities (mostly mortgages).
This ratio was relatively stable for almost 50 years, and then ... bubbles!