Guess what?
"Americans have recouped entirely the $16 trillion in household wealth that they lost since the Great Recession," says Bernard Baumohl, chief global economist at The Economic Outlook Group. "That's one of the two main drivers of consumer confidence."
http://www.bankrate.com/finance/consumer-index/americans-anxiety-with-savings-and-stocks-lingers.aspx
I don't know whom Mr. Baumohl has been talking to, but the value of my house is $30,000 less than when I bought it (and still going down). If this is the kind of dumbass "thinking" that is running the world's economy, it's no wonder it's so fucked up.
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