http://zerohedge.blogspot.com/2009/03/view-at-consumer-balance-sheet.html The following snapshot compliments of David Rosenberg: * Households own $20.5 trillion of residential real estate, even after the value destruction of the past three years. * Households own $8.8 trillion of equities, despite the vicious bear market. * Households own a record $7.7 trillion of deposits and cash â earning next to nothing in yield. * Households own $4.1 trillion of consumer durable goods. * Households own $1.6 trillion of corporate bonds. * Households own $960 billion of municipal securities. * Households own $920 billion of agency paper. * Households own $273 billion of treasury notes and bonds. David's conclusion is that even with China and other traditional foreign purchasers becoming skittish about U.S. debt purchases, it is only a matter of time before the U.S. consumer moves to allocate more and more wealth to this least represented holding.