Friday, 13 March 2009

US household net worth falls 19.9 percent

This crisis is about the wealth destruction. Nowhere is this more true than in the United States. According to the latest flow of funds data, US household net worth fell by 19.9 percent between 2007q2 and 2008q4, wiping out some $12 trillion of wealth.

With a hit of that magnitude on household balance sheets, a recession is a virtual certainty, which is of course, what has happened. US households have tried to repair their balance sheets, by consuming less and saving more.


London estate agent said...

What would the UK numbers look like? Just curious.

Anonymous said...

Keep in mind: the UK is just a few months off from the tsunami of economic shit hitting. I shall give you a taste of what is coming: I was in New York over xmas, so here it goes.

During the day I landed at a major New York airport. And there were just 75 people there (all the people on my flight). The terminal was empty: at xmas time, in a major city.

The shops? Mostly empty but still trying to flog over-priced stuff (mostly fucked off pretty boys trying to look like they weren't hurting). Streets noticebly quiet.

That's London in two months.

Anonymous said...

Keep in mind that the US numbers do not take into account the further drop 0f 20% for the stock markets and the ongoing decline in housing prices.

The numbers are substantially worse as of today.

Anonymous said...

I should have added on going declines since the beginning of the year.

Anonymous said...

hiiiii....good work.....go on!!!

Anonymous said...

From Oz: I havent done any research on this ,but as this economic crisis stuff hasn't spread much down under yet and we have some of the highest house prices in the world,Gee it looks like right now we must have the highest household net worth in the world today .
Good thing we do not have any trouble with housing and other bubbles.
Fundementals and banks are all sound we are told every day so I sleep nights .
No wukkin furies about that.Couldn't happen here!
Don't worry Poms! if it gets really tough we can go back to sending food parcels to friends and relatives as after WW2 during food Cheer Up!

look said...

成人電影,情色,本土自拍, 寄情築園小遊戲, AV女優,成人電影,情色,本土自拍, A片下載, 日本A片, 麗的色遊戲, 色色網, ,嘟嘟情人色網, 色情網站, 成人網站, 正妹牆, 正妹百人斬, aio,伊莉, 伊莉討論區, 成人遊戲, 成人影城,
ut聊天室, 免費A片, AV女優, 美女視訊, 情色交友, 免費AV, 色情網站, 辣妹視訊, 美女交友, 色情影片 成人影片, 成人網站, A片,H漫, 18成人, 成人圖片, 成人漫畫, 情色網, 日本A片, 愛情公寓, 情色, 舊情人, 情色貼圖, 情色文學, 情色交友, 色情聊天室, 色情小說, 一葉情貼圖片區, 情色小說, 色情, 色情遊戲, 情色視訊, 情色電影, aio交友愛情館, 色情a片, 一夜情, 辣妹視訊, 視訊聊天室, 免費視訊聊天, 免費視訊, 視訊, 視訊美女, 美女視訊, 視訊交友, 視訊聊天, 免費視訊聊天室, 情人視訊網影音視訊聊天室, 視訊交友90739, 成人影片, 成人交友, 本土自拍, 免費A片下載,

美女交友, 嘟嘟成人網, 成人貼圖, 成人電影, A片, 豆豆聊天室, 聊天室, UT聊天室, 尋夢園聊天室, 男同志聊天室, UT男同志聊天室, 聊天室尋夢園, 080聊天室, 080苗栗人聊天室, 6K聊天室, 女同志聊天室, 小高聊天室, 情色論壇, 色情網站, 成人網站, 成人論壇, 免費A片, 上班族聊天室, 成人聊天室, 成人小說, 微風成人區, 色美媚部落格, 成人文章, 成人圖片區, 免費成人影片, 成人論壇, 情色聊天室,

成人交友, 嘟嘟成人網, 成人電影, 成人, 成人貼圖, 成人小說, 成人文章, 成人圖片區, 免費成人影片, 成人遊戲, 微風成人, 愛情公寓, 情色, 情色貼圖, 情色文學, 做愛, 色情聊天室, 色情小說, 一葉情貼圖片區, 情色小說, 色情, 寄情築園小遊戲, 色情遊戲情色視訊, 情色電影, aio交友愛情館, 言情小說, 愛情小說, 色情A片, 情色論壇, 色情影片, 視訊聊天室, 免費視訊聊天, 免費視訊, 視訊美女, 視訊交友, 視訊聊天, 免費視訊聊天室, a片下載, aV, av片, A漫, av dvd, av成人網, 聊天室, 成人論壇, 本土自拍, 自拍, A片,成人電影,情色,本土自拍,