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Thursday
Mar122009

All of the wealth ostensibly created in America since 2004 has evaporated.  

The Federal Reserve Board today released its quarterly Z.1 report on the economy. Net worth of American households and non-profit organizations shrank to $51.5 trillion. This is down $12.9 trillion (20%) from the peak of $64.4 trillion in the second quarter of 2007 and is below the $51.9 trillion figure for 2004. Easy come, easy go.

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Reader Comments (1)

Ah!!! at last I found what I was looking for. Somtimes it takes so much effort to find even tiny useful piece of information.
Nice post. Thanks

November 7, 2009 | Unregistered CommenterAuto Insurance Guy

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