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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: benwood who wrote (76979)	3/27/2008 2:26:48 PM
From: Archie Meeties	Read Replies (2) \| Respond to of 116555

Household net worth is shrinking, but it's still over 150k per capita, or 57+ trillion in the black. I'd also point out that per capita ownership of precious metals is higher here than any where else and a lot of those assets are not reported and not accounted for in that figure. fxstreet.com "Our gov't is simply a reflection of us -- that is, at every level, we have the same dysfunctional inability to sock away for a rainy day. Instead, we live beyond our means at every level unless there's a state constitutional mandate for a balanced budget." Well I agree that the govn spends too much, but I disagree that the avg. citizen isn't cognizant of their finances and isn't saving. Investment in retirement accounts, college funds, etc. continues to set records. In any case, good luck with your investments.