Wednesday, March 11, 2009

55% is the New 100%

According to Blackstone, a private equity company, 40-45% of the world's wealth was destroyed in the last 18 months. Which, of course, pretty much means that the world's wealth was overrated by 80% or so, since not much on the planet has actually been destroyed in the last 18 months (unless a suprisingly large amount of wealth was based on LaDainian Tomlinson's fantasy value). Now, I realize that all wealth on the planet is just paper value, but to claim that 45% is gone? Oy vey. I weep for the sleazy slightly-less-filthy-wealthy-than-last-year

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