[Robotspyder]

WEF 2009: Global crisis 'has destroyed 40pc of world wealth'


The past five quarters have seen 40pc of the world's wealth destroyed and business leaders expect the global economic crisis can only get worse.

Steve Schwarzman, chairman of private equity giant Blackstone, said an "almost incomprehensible" amount of cash had evaporated since the financial crisis took hold.

"Business will be very different," he added.

His comments came on a day of the World Economic Forum characterised by the gloom of its participants and warnings that the crisis will endure for some time. News Corp chief executive Rupert Murdoch kicked off the meetings by warning that the atmosphere was worsening – despite global economic confidence plumbing the lowest depths on record.
http://www.telegraph...rld-wealth.html

[Robotspyder]

Unless you crush cars (see latest: stimulus bill) or bulldoze houses (see: Jim Cramer), true wealth isn't destroyed. The extra 40% bloat never existed, we're just waking up from the dream now.

Thank you!!!
I've be saying for some time that we may be seeing the markets readjusting.
Your use of the word 'bloat' is very fitting!!!