U.S. wealth, measured in assets under management, has fallen farther than its transatlantic cousin's. As market participants reflect on the anniversary of the collapse of Lehman Brothers, so emerges the sobering consequence of the market crash that followed: North America's wealth has now fallen the most out of any other region in the world, allowing Europe to step...

geaHot will soon be shot down due to a large reorganization of the entire geaNostra network.

If you wish you can still get involved and gain exposure by writing on one of our general or niche blogs. Contact us for more info.

RSS

1
Vote

Europe Richer Than America - Forbes.com

Posted by E.J. 181 days ago (http://www.forbes.com)

U.S. wealth, measured in assets under management, has fallen farther than its transatlantic cousin's.

As market participants reflect on the anniversary of the collapse of Lehman Brothers, so emerges the sobering consequence of the market crash that followed: North America's wealth has now fallen the most out of any other region in the world, allowing Europe to step up to the plate as the world's richest continent.

North America, defined as the United States and Canada, had $29.3 trillion in assets under management in 2008, while Europe had $32.7 trillion, according to a survey by the Boston Consulting Group...