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That isn't how recessions usually work. In 2008 financial crisis, US households lost $8tn. During Covid, most Americans got richer—especially the Rich. – Investment Watch



That isn’t how recessions usually work. In 2008 financial crisis, US households lost $8tn. During Covid, most Americans got richer especially the Rich.
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WHAT? US households gained $13.5tn in wealth in 2020, biggest increase in records going back 3 decades. That isn’t how recessions usually work. In 2008 financial crisis, US households lost $8tn. During Covid, most Americans got richer especially the Rich. t.co/nGXd5B3DaQpic.twitter.com/nDlodZAh0J
Households; Corporate Equities and Mutual Fund Shares; Asset, Market Value Levels have expanded by $8.8 trillion in asset value between Q4 2019 and Q1 2021.
The fastest and largest valuation expansion in history. pic.twitter.com/RVjbTYuNKR ....

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