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Jackson avoids personal wealth loss.

Publication: Mississippi Business Journal
Publication Date: 26-JAN-09 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Jackson avoids personal wealth loss.(Banking & Finance)

Article Excerpt
So far, so good. Investors in the capital city of Mississippi seem to be avoiding the personal wealth loss affecting other Southern cities, particularly Birmingham, Ala., and Memphis, Tenn.

"The housing crisis evaporated an estimated $7 trillion of wealth across the United States," said Stacey Wall, CEO of Pinnacle Trust, a wealth management firm in Ridgeland. "Combine that with an almost $5-trillion loss last year in the stock market, the worst collapse in 77 years. The only other time Americans have lost that much wealth in such a short period of time would have been during the Great Depression."

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Still, added Wall,...

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