Article

2009-06-12 Economy

Household Wealth in U.S. Decreased by $1.3 Trillion

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Posted by 2009-06-12 00:00|| || Front Page|| [1 views ] Top

#1 But that ammo and canned food is lookin' like a good investment about now...

Posted by M. Murcek">M. Murcek 2009-06-12 00:29|| 2009-06-12 00:29|| Front Page Top

#2 Thanks, heartless plutocrats! At least you guys did well during this whole thing. And Goldman is back bidding up the price of oil again, the happy days are almost back!

Posted by gromky 2009-06-12 02:05|| 2009-06-12 02:05|| Front Page Top

#3 If you have ammo you don't need canned food

Posted by European Conservative 2009-06-12 02:12|| 2009-06-12 02:12|| Front Page Top

#4 Household Wealth in U.S. Decreased by $1.3 Trillion

I would have like to have had even a fraction of that amount to lose.

Posted by Jumbo Slinerong5015 2009-06-12 04:26|| 2009-06-12 04:26|| Front Page Top

#5 So bad at my house, we'll simply NEVER be able to buy another GM vehicle. I mean NEVER!

Posted by Besoeker 2009-06-12 07:57|| 2009-06-12 07:57|| Front Page Top

#6 America: Now $8-to-$14 Trillion Poorer

Posted by ed 2009-06-12 14:12|| 2009-06-12 14:12|| Front Page Top

#7 "It's going to be very difficult to have any recovery in consumer spending without jobs and incomes recovering first," said Christopher Low, chief economist at FTN Financial in New York. "The probability of a debt-financed consumer spending binge like we saw in the last expansion is essentially nil."

But, but, Oblahblah says we're seeing signs of recovery... employment is a lagging indicator... All is well... as God is my withness we will see a debt-financed consumer spending binge among the funemployed before midterm elections!

Posted by regular joe 2009-06-12 14:38|| 2009-06-12 14:38|| Front Page Top

#8 "The probability of a debt-financed consumer spending binge like we saw in the last expansion is essentially nil."

When consumers do it, it's priming the pump. When the government does it [debt-financed spending binge], it's pumping the well dry.

Posted by Procopius2k 2009-06-12 15:21|| 2009-06-12 15:21|| Front Page Top

#9 O.B.A.M.A.
One Big Assed Mistake America!

Posted by NoMoreBS">NoMoreBS 2009-06-12 16:31|| 2009-06-12 16:31|| Front Page Top

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