Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Earlie who wrote (112627)	7/13/2001 11:03:15 PM
From: John Madarasz	Read Replies (2) of 436258

Hi Earlie... more commentary on the negative household wealth effect we spoke about a while ago... The Federal Reserve just recently released the flow of funds report for the first quarter of 2001. According to Jim Bianco (www.biancoresearch. com), "This is the fourth occasion since 1952 that the annual rate of growth of net worth has dipped into negative territory. It is also represents the largest decline ever and the first time net worth has declined in consecutive quarters." ... cross-currents.net Thanks for the great insights, have a nice weekend. Best Regards, John

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