In 1966, real GDP (RGDP) grew by 6.52% and total produced assets increased by 22.2% of GDP.
FORBES: U.S. Unemployment: Our Long Economic Nightmare Continues
In contrast during the Great Recession year of 2009, RGDP contracted by 3.07% and produced assets declined by 7.3% of GDP.
The banking systems assets are overvalued so that no number being produced by the industry is valid and if truth be told there is no equity or liquidity in American banks.
FORBES: Hysteria On Wall Street, Bove Says
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