The rally on Wall Street was the main reason for the increase in household wealth, but rising home prices contributed as well. Wealth in corporate equities rose by $1.04 trillion, while real estate wealth rose by $139 billion. Assets held in mutual funds, life insurance and pension funds rose by $1.06 trillion.
Its all a sham.. 2 trillion increase because the stock market is pumped up with money printing.
I'm thinking of trying this out as my new motto.
Dow 20K!!! (Bread $20.00)
thats because they manipulated the markets higher, tax payer bailouts, changes in accounting methods and monopoly money is the reason for the $2 trillion in wealth creation, damn do they try to trick people into believing this wealth creation they speak of.
