Posted By thestatedtruth.com on December 9, 2010
From the looks of this, it understates the actual wealth loss by about 2-4%
This from todays Federal Reserve Z1 report……”business debt increased to an all time record high of $7,351 billion, an $82 billion increase in the quarter”…..so yes I know corporate cash is very high, but so is corporate debt…….they’re borrowing to put cash on the books, not using it to expand business. I agree, its probably better to have the cash on the books and debt at low rates, but it’s a two edged sword here…..consumers are deleveraging from the highs (down 3.5%) but slower then the amount assets have fallen (18%). The average net worth is now down about 18% from the highs in 2007. Net worth was down about 26% at the lows. Â
Summary Consumer Balance Sheet:
Change In Household Debt:
Change In Corporate/Business Debt:
Â
Change In Government/State And Local
Source: Z.1
www.zerohedge.com
Categories: Charts and Graphs, Commentary, Economy, Finance, Interest Rates, Bonds, National News, Personal Net Worth, Wall Street
Tags: corporate debt, fderal and state debt, household wealth
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