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Tuesday, July 3, 2007


Levels


According to The Economist, "developed economies'" assets at the end of 2002 was
Residential property: $48 trillion
Commercial property: $14 trillion
Equities: $20 trillion
Government bonds: $20 trillion
Corporate bonds: $13 trillion
Total: $115 trillion
That makes real estate assets 54% and financial assets 46% of total stocks, bonds, and real estate assets. Assets not counted here are bank deposits, insurance "reserve" assets, and human assets; also it is not clear if all debt and equity investments are counted in the categories equities and bonds. For US asset levels see FRB: Z.1 Release-- Flow of Funds Accounts of the United States.

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