17.09.2010 - US: Why household wealth is expected to ebb
From WSJ: For U.S. households, the economic recovery has been a frustrating case of two steps forward, one step back. Friday, the Federal Reserve, in its latest "flow-of-funds" report, is likely to say that household net worth fell during the second quarter, breaking a string of four prior gains. The stock market's weakness between April and June is expected to be a reason for the slump. The S&P 500-stock index fell nearly 13% in the second quarter after rallying 44% in the prior four quarters...........................................Full Article: Source
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