Household Wealth Falls by $1.5 Trillion in Q2

Filed in Federal Reserve, recession, Spot Gold, stimulus by on September 21, 2010 0 Comments

Filed under: Market Matters , Economic Data , Federal Reserve , Recession The Federal Reserve has posted some data that shows the extent of economic decline in the second quarter. Here are some key numbers, as reported by Reuters . Household wealth fell by $1.5 trillion in the second quarter to $53.5 trillion. This sharply lower than the $64.2 trillion at the end of 2007. Stock losses amounted to $14.9 trillion, a drop of $1.95 trillion. Continue reading Household Wealth Falls by $1.5 Trillion in Q2 Household Wealth Falls by $1.5 Trillion in Q2 originally appeared on BloggingStocks on Tue, 21 Sep 2010 11:00:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Household Wealth Falls by $1.5 Trillion in Q2

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