US national wealth increases $5.8 trillion in Q2; overall wealth nearly $142 trillion

[F-22Raptor]

Household Net Worth
The net worth of households and nonprofit organizations increased by $5.8 trillion to $141.7 trillion in the second quarter. The value of directly and indirectly held corporate equities increased by $3.5 trillion because of further gains in corporate equity prices. The value of real estate held by households increased by about $1.2 trillion largely because of gains in home prices. After more than a year of solid growth, household net worth is now about $24.5 trillion above its level at the end of 2019.


Real estate ($34.9 trillion) and directly and indirectly held corporate equities ($47.0 trillion) were among the largest components of household net worth. Household debt (seasonally adjusted) was $17.3 trillion.

https://www.federalreserve.gov/releases/z1/20210923/html/recent_developments.htm

 

[F-22Raptor]

Household Net Worth
The net worth of households and nonprofit organizations increased by $5.8 trillion to $141.7 trillion in the second quarter. The value of directly and indirectly held corporate equities increased by $3.5 trillion because of further gains in corporate equity prices. The value of real estate held by households increased by about $1.2 trillion largely because of gains in home prices. After more than a year of solid growth, household net worth is now about $24.5 trillion above its level at the end of 2019.


Real estate ($34.9 trillion) and directly and indirectly held corporate equities ($47.0 trillion) were among the largest components of household net worth. Household debt (seasonally adjusted) was $17.3 trillion.

https://www.federalreserve.gov/releases/z1/20210923/html/recent_developments.htm

But the US economy is in decline

 

[nang2]

Thanks to the ultra-low interest rate, which benefits those who have assets at the cost of those who don't and who depend on fixed income, like retirees.

 

[hualushui]

America continues to print 10 trillion dollars, and their wealth will be more.

 

[Beidou2020]

But the US economy is in decline

When you need to print trillions of money to prop up the economy at 0% interest rates to merely get a few percentage points of GDP growth, you are a declining economy. All this ‘wealth’ is fluff as a result of extraordinary money printing. This money printing binge will end worse than in 2008 because the current economy is running on stimulus at full tilt. It’s like a drug addict that need constant drugs to stay high or else will go into withdrawal.

 

[KAL-EL]

But the US economy is in decline

But it is a decline..

At least, that's what some of the 'experts" on PDF have said.

 

[Hamartia Antidote]

America continues to print 10 trillion dollars, and their wealth will be more.

China has printed so much money your own banks won't exchange large amounts of it for foreign hard currencies.

 

[Goritoes]

But it is a decline..

At least, that's what some of the 'experts" on PDF have said.

You sure they know the right definition of Declining ? haha

 

[khansaheeb]

But the US economy is in decline

How about if the US uses some of the money to reduce homelessness and crime?

 

[hualushui]

China has printed so much money your own banks won't exchange large amounts of it for foreign hard currencies.

If what you said is true, the RMB exchange rate has become 10000:1, big idiot

 

[nang2]

China has printed so much money your own banks won't exchange large amounts of it for foreign hard currencies.

China printed most of its money to exchange the earned trade surplus and FDI in order to circulate within China. Part of it is the inflation imported from US, thanks for Federal Reserve's print machine.

 

[Hamartia Antidote]

If what you said is true, the RMB exchange rate has become 10000:1, big idiot

Every currency has an exchange rate...but that doesn't mean a bank will honor it in bulk.

You think you can walk into a major Beijing bank and unload bags and bags full of Zimbabwean dollars??

I don't think so.



BIGGER IDIOT

 

[hualushui]

Every currency has an exchange rate...but that doesn't mean a bank will honor it in bulk.

View attachment 779948
You think you can walk into a major Beijing bank and unload bags and bags full of Zimbabwean dollars??

View attachment 779949
I don't think so.



BIGGER IDIOT

Maybe you should google it to figure out what the offshore exchange rate is.
Big idiot !

 

[MH.Yang]

China has printed so much money your own banks won't exchange large amounts of it for foreign hard currencies.

China's over issuance of 3 trillion CNY is due to the need to exchange for a favourable balance of US $600 billion in 2020. This is caused by the US over issuance of $3 trillion.
China is now the appreciation of the CNY, while exports have increased significantly. The domestic CPI is only 0.8.
China's economic situation is very good. We are waiting for the USA to beg us to save it.