Msg. 44378 of 45651 (This msg. is a reply to
44367 by
killthecat)
Jump:
ktc,
re: "Total household net worth... was $62.7 trillion in the second quarter 2012... thanks to this summer’s stock market rally."
Please post a source for this claim. It doesn't ring true with me for some reason, and I've learned to trust my judgment. But if there's anything to it, I expect that the real reason is that the dollar is worth significantly less, and the unhealthiest households no longer own the houses they were living in.
I can't think of anything that O'bummer has done in four years to increase everybody's net worth by 25%. *MY* net worth hasn't increased that much. The stock market is up, but the articles I read say that the average American has not gotten back into the markets… There's a serious lack of trust in the stock market as a safe investment.
We have more people unemployed in the country… FAR more people… Now than when O'bummer took office. So that's not an explanation that would support what you've written either.
If you had said that investment firms and banks had a 25% increase in their net worths, I'd believe it. But households? No way.
If you truly believe what you've written, please explain what it was that the President did, and give a link to your source.
Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months
Total household net worth, which is assets minus liabilities, was $50.4 trillion in the first quarter of 2009 when Mr. Obama took office. It was $62.7 trillion in the second quarter 2012, which ended June 30. Mr. Zandi and other economists predict that it will be significantly higher for the third quarter ending this month thanks to this summer’s stock market rally.
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