WASHINGTON (MarketWatch) -- The net worth of U.S. households increased 0.1% in the second quarter to $53.3 trillion, the slowest gain in nearly four years, the Federal Reserve said Tuesday in its quarterly flow of funds report.
After adjusting for inflation and population growth, net worth fell in the quarter. Per-capita net worth fell to $178,290 from $178,505 in the first quarter.
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How can we have all that net worth and still be doomed?
How is that possible with the constant rise in the triple deficits?
Now read it again and go back to the first cartoon in post #105.
Do you not see the obvious? You've become a water boy for the MSM.
Now look here at page 110.
Household net worth:
2000: $41.371 Trillion
2001: $40.377 " "
2002: $38.820 " "
2003: $43.981 " "
2004: $47.987 " "
2005: $51.811 " "
2006: $52.271 " " (quarter 1)
2006: $53.325 " " (quarter 2)
What is it about this growth that you don't understand? It doesn't travel in a straight line but it's up $12 trillion since 2000 and has nearly doubled since 1995. How does this mean we're doomed?