Monday, February 16, 2009
So the net worth of the average American household is now less than it was in 2001. This gives support to my own view that the growth figures of Brown's years as Chancellor should be recalculated, stripping out the contributions of financial services - now massively negative - and the property bubble. I think we'd find we are back where we were in 1997, or soon will be. A lost decade.
Posted by Bryan Appleyard at 7:57 am