February 13, 2009 at 15:55 PM EST
Five Things: The "Mirage" of Wealth
1. It Was All Just a Mirage"The leap in wealth that Americans thought they were enjoying over the last several years has already turned out to be a mirage according to new estimates by the Federal Reserve."- New York Times February 12 2009 "Fed Calls Gain in Family Wealth a Mirage"Pretty heady stuff from the "newspaper of record " eh? I guess what I like most about that sentence is its heavy dose of stone-faced weariness spiked with despair. Read it again. Just for fun."The leap in wealth that Americans thought they were enjoying over the last several years ...
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