U.S. household wealth up for 1st time in 2 years U.S. consumer debt falls record 1.7% annual rate U.S. 2Q nonfinancial debt rises 4.9%
http://www.marketwatch.com/story/household-net-worth-rises-first-time-in-two-years-2009-09-17 U.S. had been rich all along. Was faking it.
The rally on Wall Street was the main reason for the increase in household wealth, but rising home prices contributed as well. Wealth in corporate equities rose by $1.04 trillion, while real estate wealth rose by $139 billion. Assets held in mutual funds, life insurance and pension funds rose by $1.06 trillion. Its all a sham.. 2 trillion increase because the stock market is pumped up with money printing. I'm thinking of trying this out as my new motto. Dow 20K!!! (Bread $20.00)
$2,000,000,000,000 hahah thats because they manipulated the markets higher, tax payer bailouts, changes in accounting methods and monopoly money is the reason for the $2 trillion in wealth creation, damn do they try to trick people into believing this wealth creation they speak of.