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Thread: Pew: 93% Of Households Lost Net Worth 2009-11

  1. #41
    Discount Philosopher
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    Re: Pew: 93% Of Households Lost Net Worth 2009-11

    They can and they will.


    Be very afraid.






    Quote Originally Posted by Fisher View Post
    We need somebody to oppress the masses since the government can't any more.

  2. #42
    Sage
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    Re: Pew: 93% Of Households Lost Net Worth 2009-11

    Quote Originally Posted by specklebang View Post
    They can and they will.


    Be very afraid.
    I will (keep an eye on you as I may be one of them)

  3. #43
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    Re: Pew: 93% Of Households Lost Net Worth 2009-11

    the majority of the net worth decline is directly tied to depressed real estate value
    yes, and declining NET incomes and wages are also major factors

    obama's hamp, home affordability mortgage program, was such "a dismal failure," as tarp inspector general neil barofsky testified (a long time ago)---fully HALF of our friends and neighbors hamped had by then ALREADY RE-DEFAULTED

    bear in mind, many of these neighbors, friends, family members, fellow workers, in laws, sons, daughters and grandkids are living in homes bigger, newer and shinier than YOURS

    or at least they were

    links above---la times and bloomberg

  4. #44
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    Re: Pew: 93% Of Households Lost Net Worth 2009-11

    Instead, they printed up a Trill or so
    yes, actually it's soon to be 4T

    To jumpstart the recovery, the Fed has undertaken three rounds of so-called quantitative easing since 2008, more than tripling its balance sheet to just over $3 trillion. It is currently buying $85 billion per month of mortgage-backed securities and Treasuries.
    cnbc, april 1: Like Rate Cuts, Unconventional Easing Weakens Dollar: Fed Study

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