2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 366.09

-0.1%

Nov 6 4:00 PM EST

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To: TobagoJack who wrote (92952)	7/27/2012 7:53:59 AM
From: KyrosL	Read Replies (1) of 217555

I agree with you about home being consumption. But unfortunately, it is included in measures of net worth. In this respect the fact that home prices in the US have crashed much more compared to other countries make the US net worth numbers more conservative, since they no longer include much home equity. I am astounded that the US GDP and wealth is still near the top of the country list with only a few small countries with special characteristics and/or enormous physical resource wealth being ahead of it, and all the large countries still being way below the US. If the US ever rationalizes its defense and entitlement spending, and imposes desperately needed consumption taxes, watch out.

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