And remember. Some important wealth numbers.
Household wealth in the U.S. increased by $2.67 trillion in the third quarter as stock prices and home values climbed, and revised data showed Americans have a larger hurdle to overcome.
Net worth for households and non-profit groups rose to $53.4 trillion from $50.8 trillion the prior quarter, a second consecutive gain, according to the Federal Reserve’s Flow of Funds report today in Washington. Revisions put the loss of wealth between the third quarter of 2007 and the first three months of this year at a record $17.5 trillion, compared with a previous estimate of $13 trillion. [More]
On the other hand, the value of all the farmland in the US is about $2.1T
It makes "overpriced" farm real estate and commodities a little more comprehensible when you realize the rest of the economy just improved enough in the last 3 months to buy us all out.