The wealth effect. It’s ephemeral, fleeting and widely desired. Especially for consumer spending. Generally, the wealth effect works this way: When people see their stock...
With the stock market selling off in recent weeks, Goldman Sachs is warning that wealthy households will feel some of the pain. According to a...
The wealth effect is in full force, it seems. The Wall Street Journal reported Monday (Jan. 29) that stock prices, levitating as they are, and...
Stocks are at or near record highs, giving rise to an outsized wealth effect. But some banks are seeing new highs in sour loans. Two...
The Dow has crossed a 20,000 point threshold. What might that mean for consumers feeling flush?
What to make of the economic data that shows strength in the U.S. economy — so much strength that it means a rate hike is...