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Tuesday, June 12, 2012

Lower than anticipated family net worths

If you read the news release below from seeking alpha, it affirms the current day to day struggles that many American families are dealing with.  It's also been an opportunistic time for foreign investors. 

Net worth of U.S. family plummets. The net worth of the American family plunged 39% from 2007-2010 to $77,300, the lowest since 1992 as the financial crisis destroyed 18 years of gains. Leading the decline was a 42.3% dive in the average equity in Americans' homes. "What you see is an economy that’s really very, very stressed for the bottom 60%-70%,” Streettalk's Lance Roberts tells Bloomberg.

2 comments:

  1. I believe that US have impose tax while outsourcing, now that will be a disadvantage for the foreign investor.

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  2. Tax imposition is likely although I don't know for certain. There is an increase in foreign investors for setting up businesses that employ a certain number of people in exchange for a benefit. The facts are blurry and with politicians involved, likely to change again. Hopefully the US is not setting up barriers of entry for self-preservation because business is more global today than even 20 years ago. I appreciate your comment.

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