$536 Billion Worth of Household Assets Evaporated in February? |
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$536 Billion Worth of Household Assets Evaporated in February? It sure is a good thing that $150 billion of checks from the IRS are in the mail to U.S. households because these same households experienced an evaporation in paper wealth in February to the tune of about $544 billion according to my admittedly back-of-the-envelope arithmetic. It was reported today that the Case-Shiller house price index for 20 major metropolitan areas fell 2.66% month-to-month in February. Applying that
Filed under: Fundamental
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