[echochar]

"8 trillion (@ 60 percent of GDP) in ephemeral housing equity"

"loss of 8 trillion in housing wealth"

Is this true?

How do you create 8 trillion in wealth?

If it was "lost" then who has the 8 trillion now?

[ArkyBeagle]

http://www.merriam-webster.com/dictionary/ephemeral

[echochar]

https://en.wikipedia.com/wiki/Monetary_circuit_theory