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The week's top news in world financial markets from Maximus Capital

Jun 18, 2009

USA It is no mystery that household wealth has plunged in the U.S. 's and the flow of funds accounts is the best way to measure how much. First quarter data published last week shows that the drop has been enormous. From a peak of $64.3 trillion in the second quarter of 2007, household net worth fell to $50.4 trillion in the first quarter of this year. Even when scaled by disposable income, this is a massive fall. Given the size of the wealth plunge and the weakness in spending already seen i ...

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