America's Consumers 2006 Starting Balance Sheet

Consumer debt $3.0 Trillion
Household Money Markets and Savings Accounts $4.7 Trillion
Household Net Worth Rose $4 Trillion in the last four quarters
Total Household net Worth $51 Trillion
Assets $62 Trillion
Home Equity $10.9 Trillion

Non Financial Corporate cash flow plus $1 Trillion in the last 4 quarters
Corporate Liquid Assets $1.37 Trillion
Liquid Asset & debt Ratios best in over 40 years

Don't believe anyone who says America doesn't save or invest...One can easily argue Americans are the greatest savers and investors on the planet. And we have almost $5 Trillion in cash to start the new year!

Read the great article in Barrons over the weekend on Oil..