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. – 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 ...

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