Market Sector Value
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According to The Economist, "developed economies'" assets at the end of 2002 were the following:
- 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, natural resources, and human assets. It is not clear if all debt and equity investments are counted in the categories equities and bond.
Read more about this topic: Real Estate
Famous quotes containing the word market:
“When General Motors has to go to the bathroom ten times a day, the whole countrys ready to let go. You heard of that market crash in 29? I predicted that.... I was nursing a director of General Motors. Kidney ailment, they said; nerves, I said. Then I asked myself, Whats General Motors got to be nervous about? Overproduction, I says. Collapse.”
—John Michael Hayes (b. 1919)