[lbo-talk] A trader's view of the coming depression

[Doug Henwood]

Household assets are about $72 trillion - $23 trillion tangible (mostly housing) and $49 trillion financial. Nonfinancial corps assets are around $29 trillion - $14 trillion tangible, $15 trillion financial. So HH assets are more than twice corporate - financial alone, more than 3x.

Of course, conceptually, households are the ultimate holders of everything. Corps are mere legal fictions, though what a fiction they are.

Doug