Here are a few statistics that few people talk about:
There are 5 million listed american homes on the market.
There are 15 million unlisted american homes on the market.
The latest home stats by the government claim that there is a 15 month supply of unsold homes on the market. Hmmmmm
Consumer debt stands at about 97% of GDP. Everyone would need to work for a year without paying taxes or anything else to pay off all that is owed.
Federal debt stands at something between 65%-75% of GDP...getting tough to calculate this one as the debt numbers are exploding while GDP contracts.
Most economists expect the recession to end by the end of 2009 as they use their "average recession length" stats to prove their point.
The current value of all public and private US debt is around 65 trillion dollars (this includes the unfunded liablities for Social Security and Medicare)....which is more than the GDP for the entire earth.





