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Persistent pressures on profit margins are restraining investment spending and, through declines in equity wealth, consumption.
But until now, the impact of lower equity wealth in Britain has largely been offset by rising housing wealth.
This has allowed households to put off any belt-tightening, even as their equity wealth has shrunk.
This may be because much of America's new equity wealth is held in personal-pension accounts that cannot be touched without severe penalties.
That makes America's low savings rate a still greater cause for concern.In the short run, the danger is that the wealth effect from housing may follow the equity wealth effect by turning negative.
One reason why many economies have held up better than expected is that rising house prices have offset the loss of equity wealth and so helped to support consumer spending.
Similar(30)
"Families still have a whole lot more home-equity wealth than they previously had," said Frank Nothaft, Freddie Mac's chief economist, "and they're tapping into it".
More than 5 million homes were lost to foreclosure during the crisis, while black households disproportionately saw upwards of 40percentt of their non-home-equity wealth vanish.
And the stockmarket bust, through the equity-wealth effect, has probably had an even greater depressant effect upon demand.
Concern has been raised by the green lender admitting it has already been approached by potential buyers from the private equity, sovereign wealth and private investment bank sectors.
The net neutrality rules proposed by FCC Chairman Tom Wheeler would not only protect those organizing for change, but also help close long-standing equity and wealth gaps that disadvantage communities of color and America's poor.
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