The quoted section of your post is about global wealth. In other words:
Wealth declined globally (measured in USD) primarily due to the appreciation of the US dollar (and a majority of held wealth is not in the US - approximately 70 percent of global wealth).
US wealth also declined despite appreciation of the US dollar.
The quoted section of your post is about global wealth. In other words:
Wealth declined globally (measured in USD) primarily due to the appreciation of the US dollar (and a majority of held wealth is not in the US - approximately 70 percent of global wealth).
US wealth also declined despite appreciation of the US dollar.