From: Gary Britt 

But to the contrary:  USA household net worth is at record highs.  What's
the household net worth in the EU?

Gary

http://news.yahoo.com/s/ap/20070308/ap_on_bi_go_ec_fi/fed_household_finances_1

WASHINGTON - The net worth of U.S. households climbed to a record high in
the final quarter of last year, boosted mostly by gains on stocks, the
Federal Reserve reported Thursday.
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Net worth — the difference between households' total assets, such as houses
and bank accounts, and their total liabilities, such as mortgages and
credit card debt, totaled $55.6 trillion in the October-to-December
quarter.

That marked a 2.5 percent growth rate from the third quarter, the previous
quarterly record high. Stocks gains helped fuel the increase in net worth,
although real-estate gains played a role, too.

Adam > wrote:
>> But hey the Euro is doing great!!!!!    ROFL.  Those two paragraphs so
>> funny and so true and so predictive of what's to come for them.  Maybe
>> once the muslims take over in Europe and sharia law is implemented they
>> will be able to get those vacations and unions under control.  I don't
>> think the Koran provides for union breaks or unions at all.  And they
>> won't have a problem with unemployment, because all the women will be
>> forced out of jobs and out of schools and won't any longer be counted as
>> part of the workforce statistics.
>>
>> Gary
>
> It's doing better than the Dollar & US economy
>
> "Analysts have been stumped by the apparent resilience of the U.S.
> economy, which seemed to be bounding ahead at a 3.5 percent pace in the
> final quarter of last year even as the housing market fell and the
> Federal Reserve raised interest rates.
>
> The paradox has been solved: The economy was not bounding. The Commerce
> Department reported Wednesday that economic growth inched ahead by 2.2
> percent in the fourth quarter of last year, only slightly faster than
> the 2 percent growth recorded in the third quarter and far below the
> economy's long-term trend rate of growth.
>
> The downward revision in the preliminary estimate of gross domestic
> product, of 1.3 percentage points, was almost three times as big as the
> average adjustment since the early 1980s, of 0.5 percentage points.
>
> Coupled with a reported 17 percent decline in new-home sales in January
> and a 7.8 percent drop in February in orders of durable goods like
> computers and washing machines, the new data indicated the economy had
> been much weaker than it seemed.
>
> "I think we are going to discover that the economy is softer than the
> Fed thinks," said Robert Barbera, chief economist at ITG in New York."
>
> Never mind, when the Latinos take over they will force you to lie around
> at midday for a couple of hours so at least you'll de-stress about your
> decline.
>
> Adam

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