TheMachineWins
06-11-2009, 10:37 AM
Good for Wall St. = Bad For Main St:
http://www.bloomberg.com/apps/news?pid=20601087&sid=a1X58Upr8MhE
Household Wealth in U.S. Decreased by $1.3 Trillion
June 11 (Bloomberg) -- U.S. household wealth fell in the first quarter by $1.3 trillion, extending the biggest slump on record, as home and stock prices dropped.
...Americans are cutting back on spending as unemployment surges, home prices continue to drop and wealth evaporates, signaling any economic recovery will be slow to develop.
http://www.bloomberg.com/apps/news?pid=20601087&sid=a1X58Upr8MhE
Household Wealth in U.S. Decreased by $1.3 Trillion
June 11 (Bloomberg) -- U.S. household wealth fell in the first quarter by $1.3 trillion, extending the biggest slump on record, as home and stock prices dropped.
...Americans are cutting back on spending as unemployment surges, home prices continue to drop and wealth evaporates, signaling any economic recovery will be slow to develop.