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- Flow of Funds (not-so) Fun Facts
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The fourth quarter flow of funds report from the Federal Reserve provided a grim reminder that, amid a slowing economy, U.S. households? balance sheets are deteriorating.
Household net worth — total assets such as houses and stocks, minus total liabilities such as mortgages and credit-card debts — fell $533 billion to $57.7 trillion. It was the first decline since the third quarter of 2002.
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Original Source
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6 March, 2008| Economy |
@ 22:45
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