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STUDY: Americans have rebuilt less than half of wealth lost to recession...
#1
And I suspect it's an inflated number even at that.

http://www.washingtonpost.com/business/e...story.html

American households have rebuilt less than half of the wealth lost during the recession, leaving them without the spending power to fuel a robust economic recovery, according to a new analysis from the Federal Reserve.

From the peak of the boom to the bottom of the bust, households watched a total of $16 trillion in wealth disappear amid sinking stock prices and the rubble of the real estate market. Since then, Americans have only been able to recapture 45 percent of that amount on average, after adjusting for inflation and population growth, according to the report from the St. Louis Fed released Thursday.
"In 4 more OMao years you won't like how America looks....I guarantee it."
“When injustice becomes law, resistance becomes duty.” -- Thomas Jefferson
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#2
If they pulled their money out of the market at its low and invested in gold and silver, they absolutely did. Likewise, if they purchased their home at the high and sold it at the low they lost wealth also.
Vampire pig man since September 2012
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