Summary
CHICAGO (HedgeWorld.com) - While the subprime mess morphed into a broader housing-industry mess last month, both millionaires and the merely affluent paid heed, and worried about their own investments.
The Spectrem Affluent Investor Index, which had been at seven in June and July, fell eight points in August, dropping below zero for the first time since August 2006. This is an index based on a survey of households with $500,000 or more in investable funds. The millionaire index, based on a survey of households with $1 million or more in investable funds, took a similar hit, though from a higher starting point, moving from 15 to seven.See the full content of this document
Extract
Housing Industry Woes Hit Spectrem Indexes
The Spectrem scale runs from positive 30 to negative 30, with neutral ground ru...
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