BLAME W (via Fundmastery Blog):

Homeowners’ Real-Estate Equity Tumbles (Real Time Economics, 12/07/07, Wall Street Journal)

[Household n]et worth rose 1.1% in the third quarter to $58.6 trillion, slower than the 1.9% gain in the second quarter, the Fed said.

That's net, mind you. A number to keep in mind next time some nit wit is droning on about our being a debtor nation.

Posted by Orrin Judd at December 7, 2007 3:34 PM