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US Households Have Never Been More Reliant On The Stock Market For Their “Net Worth”

from Zero Hedge When it comes to assets, there are two kinds: hard, tangible assets such as real estate, equipment and durable goods, and then there are financial assets, or "things" that only have an actual worth in the context of a capital (preferably rising) market and a smoothly functioning financial system allowing for value-for-value [...]

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