Relevant:
- We're Rich! We're Rich! Are Inflated Asset Prices Like Real Wealth?
- Home values seen losing over $2 trillion during 2008
- Credit card debt hits new record in November, raising concerns.
- Financial Security Of Americans Declines In July, The Biggest Drop In Nearly A Year
- Household Net Worth in U.S. Declines Most on Record
2008-06-08 — blogspot.com
"The net woth of American households is down $1.7T in Q1 2008, mostly as a result of declines in financial assets (i.e. the stock and bond markets). This should not come as a big surprise, but the real question is what effect it will have on consumer behavior for the remainder of the year. Text in bold is my empahsis. It can't make the consumer feel more confident."
source article |
permalink |
discuss |
subscribe by:
|
RSS |
email 
Comments: Be the first to add a comment
add a comment | go to forum thread
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.