Tuesday, September 19, 2006

us networth down after inflation!

jetzt frage ich mich wie das ganze aussiieht wenn die immobilienwerte auch in dieser statistik anfangen einzubrechen. angeblich sind diese ja im 2 quartal noch angestiegen. sicher.........

noch ein grund mehr bullish für die usa zu sein, oder?

U.S. Q2 BORROWING GROWS 6.4%, SLOWEST IN 4 YEARS

U.S. Q2 HOUSEHOLD NET WORTH SLOWEST GROWTH IN NEARLY 4 YEARS

U.S. Q2 HOUSEHOLD NET WORTH UP 0.1% TO $53.3 TRILLION

Household net worth up 0.1% in Q2
Borrowing slows to 6.4% growth, weakest pace in four years


The net worth of U.S. households increased 0.1% in the second quarter to $53.3 trillion, the slowest gain in nearly four years, the Federal Reserve said Tuesday.

After adjusting for inflation, net worth fell in the quarter.

Net worth had increased 13% in 2003, 9.7% in 2004 and 8.5% in 2005.

Net worth is calculated by subtracted liabilities from assets.

Household assets grew by $332 billion to $66 trillion in the second quarter, while liabilities increased by $278 billion to $12.7 trillion. The value of real estate holdings increased by $402 billion, but the value of financial assets fell by $128 billion. The value of corporate equities and mutual-fund shares dropped by $253 billion.

Household net worth dipped to 5.60 times disposable income from 5.67 times in the first quarter. Owners' equity in their real estate fell to a record low 54.1% of market value from 54.4% in the first quarter and nearly 58% in 2000.

Meanwhile, nonfinancial borrowing grew at the slowest rate in four years, rising at an annual rate of 6.4% after a 9.5% increase in the first quarter.

Borrowing by households grew 9.1%, also the slowest in four years. Mortgage debt decelerated, while other forms of household credit perked up.

Mortgage debt increased 9%, the slowest pace since the recession of 2001. Consumer credit, such as credit cards, increased at a 6.6% rate, the fastest in four years.

Borrowing by businesses increased at a 7.6% rate, the slowst in five quarters. Corporate debt grew at a 6.7% pace, the second fastest pace in six years following an 8.8% gain in the first quarter.

Borrowing by the federal government fell at an annual rate of 2.4%, the first decline in five years. State and local government debt grew at a 6.6% pace, rebounding from a 3.5% pace in the first quarter.

jan-martin

0 Comments:

Post a Comment

Links to this post:

Create a Link

<< Home