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Mobile Wanderer
Thursday, March 12, 2009
The Lost Decade
The Wall Street Journal reported earlier
today
what is by now obvious to all, that U.S. household net worth tumbled last year.
A much more elaborate discussion of per capita net worth and living standards can be found
here
.
The bottom line is starkly illustrated in the following graph, extracted from the above link.
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The Lost Decade
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