Falling stock markets have wiped out more than $9 trillion in wealth from U.S. households, putting more pressure on family balance sheets and spending.
Economists say the drops could soon start rippling through the economy, adding pressure to Americans' balance sheets and possibly hurting spending, borrowing and investing. Mark Zandi, chief economist of Moody's Analytics, said the losses could reduce real GDP growth by nearly 0.2 percentage points over the coming year.Brendan McDermid | Reuters
Integrity Biden though
Yeah but no mean tweets!
🤔 wonder why I am not losing my money. Oh right I don't gamble and don't spend on needless shit like Starbucks.
When you call half the country population terrorist with a rant many of US will sour on your fairy tells
Thanks democrats
Hmmm. Overall, at same/near level as the end if 2020. Far from the hysteria you’re trying to stir.
Such bullpucky- what about the artificial run up in the market because of the Fed printing so much money?
This is what happens when they install a basement dummy.
We should send 9 trillion to Ukraine
Yes but no mean tweets.🤔
BrianGoodwin8 The Biden Economy
Thank your local Democrat representative.
Let’s go Brandon
At least we don’t have mean tweets.
Relax. It’s “transitory” 😂🤣😂
Make sure you thank Dementia Joe and the Democrat Party!!
Most interesting is the fact that equities and bonds have both gone down three quarters in a row. This is unprecedented
Thank you Joe Biden, the one term impeached president!
Me and my OTC bags unphased by this shut show
Bad reporting. The losses are caused by potus policies that created runaway inflation, lack of energy security or supply. BIDEN and the DEMS crashed the economy
Lost my fkn ass indeed
Who misses the days when mean tweets were the worst thing we had to worry about?
No it’s wiped $9 trillion from capitalist oligarchs. Ordinary Americans shouldn’t care about the capitalist economic system. Humans live in societies not economies
The US is not at a loss. The money just flowed. At the same time, there is a lot of money left in the US from the rest of the world, which they will buy cheaply for a new rise in the stock market index in the future and make great money, thanks to uninformed investors.
Elizabeth Warren must be loving this!!!!!!!!!!!!!
Many stocks listed in the US are owned by foreigners
Thanks Dominion and …. You know.. the guy…
FinPlanKaluAja1 Let's go brand0n👏👏👏👏👏👏👏👏👏👏👏👏
Janet Yellen said “ They needed $8 trillion before markets started its correction. Bear market is just correcting previous advance, Bull market. Cycle that always happens.
Not yet more to come. American 401k big losses in the features no one want to put money into 401k.
Crypto $LUNC run-up 600% last time.... can $LUNC drop another ZERO again for a 1,000% run-up this time?
Since what start date? If it only took 12 months to create the 9 trillion, it doesn’t really seem like anyone had it. And if it’s a sell off, don’t the sale proceeds get calculated. You’re just saying the stock market is lower than immediate history.
Mahsa_Amini
Paging Mr. Ponzi.
I wonder, how do my short positions translate into the 9 trillion dollar figure....
😂 😂 😂 You mean in paper values.. From shares and bonds.. Not in real life.. What a bullshit
Thanks to Joe Biden JoeBiden
Where's Jackie? Let's talk to Jackie about this... WatchBiden
Hmmm
Putin has wiped out 10s of trillions in global wealth and he gets a few sanctions, can you say Winning! lol
It's gambling.
Can't say wiped out from stocks, could be said pulled out.
BuildBackBetter
They are destroying the old system, to bring in a new CBDC. With that, they have complete control. Covid was a warm up on totally pillaging your wealth and freedom.
misleading? 'The wealthy are bearing the largest losses... top 10% of Americans have lost over $8 trillion in stock market wealth this year, which marks a 22% decline in their stock wealth... top 1% has lost over $5 trillion in stock market wealth'
If it saves only one life it is worth it, right?
it was a 'foam' wealth, just like when you have 'more' milk when it is boiling
Major Global recession on its way RBI FinMinIndia
This is an economic reset
Gamblers gonna gamble.
nice
Blame trump
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