December 08, 2023

Sucking America Dry

Timothy Birdnow

Bidenomicsis draining America dry.

From Bloomberg:

Household net worth decreased $1.3 trillion, or 0.9%, in the period to almost $151 trillion, a Federal Reserve report showed Thursday.

The value of equity holdings fell about $1.7 trillion in the third quarter, while the value of real estate held by households rose slightly to a record high.

The S&P 500 retreated in the third quarter for the first time in a year on concerns about the economic outlook in the wake of the Fed’s interest-rate hikes.

Posted by: Timothy Birdnow at 10:27 AM | No Comments | Add Comment
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