Wednesday, July 22, 2009

EconomyInCrisis.Org

I just came across the site EconomyInCrisis.org and thought it had a unique perspective on what's happened to the US Economy over the last few decades, focusing on the foreign acquisition of US based and owned businesses. Using the average amount of money spent per second on acquisitions in 2007, which was $4087.85/second, they built a "Great American Sell Off" ticker that gives a real time estimate of how much of Americas industry has been sold off. Currently, the total is:

$2,171,985,500,000.

Insane...

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