U.S. HOUSEHOLD WEALTH DECLINED BY $12 T

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U.S. HOUSEHOLD WEALTH DECLINED BY $12 T. 0. -$ 3 T HOUSING DECLINE. -5. -$9T ALL OTHER. -10. BETWEEN Q4 2007-Q4 2008. #C360. Source: US Federal Reserve Board Flow of Funds. THE WEALTH EFFECT WILL NOT DRIVE RECOVERY. - PowerPoint PPT Presentation

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