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A comment on The big short, the housing bubble and the financial crisis.

Re:The big short, the housing bubble and the financial crisis by echochar on Sunday January 10, 2016 @02:54PM (#10876863)
"8 trillion (@ 60 percent of GDP) in ephemeral housing equity"

"loss of 8 trillion in housing wealth"

Is this true?

How do you create 8 trillion in wealth?

If it was "lost" then who has the 8 trillion now?

[ Parent | on HN ]
Re:The big short, the housing bubble and the financial crisis by ArkyBeagle on Sunday January 10, 2016 @04:43PM (#10877340)
http://www.merriam-webster.com/dictionary/ephemeral
[ Parent | on HN ]
Re:The big short, the housing bubble and the financial crisis by echochar on Wednesday January 13, 2016 @11:48PM (#10899700)
https://en.wikipedia.com/wiki/Monetary_circuit_theory
[ Parent | on HN ]