Relevant:
- Disappearing now: $6 trillion in housing wealth
- St. Louis Fed: Household Net Worth Still Hard Hit by Crisis
- Americans' Home Wealth Recovers $7 Trillion as Prices Firm (SOUNDS PEAK-Y...)
- Record "Wealth" in America Comes With a Litany of "Funny" Companion Statistics
- Housing values push Americans' total wealth to record $88T
2008-12-24 — blogspot.com
$7.08 Trillion in wealth has vaporized in the past year. Figure 2008 Q4 to be as bad as Q3. If so, roughly $10 Trillion in household wealth will be vaporized in little over a year. And looking ahead, there is no reason to believe the stock market, the housing market, or the economy will show signs of recovery anytime soon.
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