In the year 2008 a trillion dollars worth of adjustable loans will be due. That means either people will have to refinance for a fixed loan, pay the new adjustable rate (i.e. a $1500 mortgage payment could become a $2000 payment), or sell.
Just to show how much a trillion dollars is:
A trillion dollars is so large a number that only politicians can use the term in conversation... probably because they seldom think about what they are really saying. I've read that mathematicians do not even use the term trillion! Here is some perspective on TRILLION:
Trillion = 1,000,000,000,000. The country has not existed for a trillion seconds. Western civilization has not been around a trillion seconds. One trillion seconds ago – 31,688 years – Neanderthals stalked the plains of Europe.
You can find the above quote here.
4 comments:
Is that a trillion boats? It sure looks like it.
uh...actually you should edit your post as you're showing a BILLION there numerically not a trillion Einstien.
Maybe you should check your facts before being such a smartass, because as far as I can tell there are 12. There are 9 zeros in a billion.
A trillion isn't all that big. The US GDP is about $12 trillion a year. Only takes a month to generate $1,000,000,000,000 of economic activity.
Post a Comment