> What would explain the increase of household wealth pre-2008, before QE was even invented? The economy was in turmoil for a few months but then everything pic

> What would explain the increase of household wealth pre-2008, before QE was even invented? The economy was in turmoil for a few months but then everything picked up again. The economy was in turmoil in 2007? There were problems at a few banks, but other than that, spending and investment was extremely optimistic. House prices hadn't started to decline, and they were coming off their biggest 6-year increase in a long time. HH wealth was at an all-time high for most of the year.