By the way, the Fed’s latest Flow of Funds data show that the net worth of US households recovered by $1.7 trillion to $65 trillion during Q3. It is still below the record high of $67 trillion during Q3-2007, but up $13.5 trillion since its recent cyclical low during Q1-2009. Leading the way higher during Q3 was a jump of $387 billion in owners’ equity in household real estate. Rising to record highs were households’ pension fund reserves ($14 trillion) and mutual fund holdings ($5.5 trillion, excluding money market funds).
Sunday, December 8, 2013
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