"US Household Net Worth 2007- 2013Ouch.
Top 1% Up 1.9%
Next 9 % Up 3.4%
Next 15% Down 0.5%
Next 25% Down 16.7%
Bottom 50% Down 44.2%
None of the economic statistics we get from the government are reliable. Inflation is understated. Economic growth is overstated. Unemployment is understated. But this chart of net worth is about as reliable as we can expect to get."
Sunday, August 31, 2014
Economy
Keynesian admits economy is in a depression.
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