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News Link • Economy - Economics USA

It Took $4 In New Debt To Create $1 In GDP

• zerohedge.com by Tyler Durden

- which is almost entirely a function of the stock market - we find it far more valuable for its nuanced information on the breakdown of US debt.

And while it showed that in the fourth quarter, the net worth of US residents, mostly the wealthy ones as the bulk of financial assets is held by a small fraction of the total population, rose by $2 trillion to $92 trillion mostly as a result of a $1.5 increase in financial assets....

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