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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: rich4eagle who wrote (131539)	3/13/2001 9:00:08 AM
From: SecularBull	Respond to of 769667

They don't let Presidents stay in offic more than 8 years. Perhaps the same needs to go for Fed Chairmen. ~SB~

To: rich4eagle who wrote (131539)	3/13/2001 9:25:01 AM
From: Zoltan!	Respond to of 769667

Another Clinton-Democrat milestone - the first decline in household net worth ever recorded: Household Net Worth Declines 2% As More Assets Are Tied to Stocks By GREG IP Staff Reporter of THE WALL STREET JOURNAL WASHINGTON -- Falling stock prices caused household net worth to decline last year for the first time in at least 55 years, posing a major obstacle to the economy recovering its previous robust pace. Household net worth -- total assets such as houses and stocks, minus total liabilities such as mortgages and credit-card debts -- declined 2% to $41.4 trillion at the end of 2000 from $42.3 trillion at the end of 1999, according to the Federal Reserve Board's "flow of funds" report released Friday. While not big in percentage terms, the decline stands out as the first since available data begin in 1945 and could serve as a significant drag on consumer spending, especially since stock values have continued to fall since the end of 2000.... interactive.wsj.com ...Jan Hatzius, senior economist at Goldman Sachs, said that without a stock rebound, the economy faces the "biggest pent-up negative wealth effect that you can see in the economic data going back to 1952."...