Page 10 - Wealth Effect News Today

And i dont know when, eventually there will be repercussions because debt and deficits always come back to haunt markets and the economy. leland: its something the president is not interested in doing. he says hes not going to touch entitlements, and doesnt seem to be concerned about signing the massive spending bills. >> youre right, all evidence in. theyre not doing anything about it and now we go to the midterm. if they lose the house, then they definitely cant do anything about it and again,...

Negotiator and the art of the deal. lets get a deal done and sooner rather than later because the longer this drags out, it will be the drag on the economy and unemployment, drag on the market. markets have been great for the wealth effect of the nation as well as around the globe. and you can do that because of this. then trouble is ahead. and im hoping hes listening, that he is watching and listening and just remember they are hitting the farmers because its all about that. >> thank you, the c...

May have an effect from each one person so one thing leads quickly to the other exactly ok what can facebook users do now about this whole issue well on april ninth which is the coming monday facebook is going to publish a link and that will allow users to know first of all of the wealth effect by the original article scandal and then of course they can also get information about which apps are accessing their information at this point and change that so thats something that everybody can wake u...

Nervous. market watchers gary calfon is here with more. gary, we worry this leads to other things. with the best of intentions, the pendulum can swing the other way. im wondering whether were looking at more regulation of these guys who have had not in the past. what do you think? >> neil, its not arguable over the 15 months that the stock market flew to the upside that the two stocks that led the way were boeing and amazon. boeing now is in the cross hairs potentially because of retaliation on ...

The important part. over the long-term, since the beginning of this bull market on march 9th, 2009, were up 282%. since a year ago, it is up 12%. since the beginning of the year, it is down 4%. unfortunately, our psychology is that we look at the last number. we look at the fact weve lost 4% in a little over a month. >> it doesnt tell us what individual stocks have done. if youve been a follower of apple or mcdonalds or invidia or a host of other stocks that have done extraordinarily well, they ...

Smart and when they read day in and day out about other companies are doing it they follow suit. dont get the other part of the equation here. we now have $8 trillion of the wealth effect because of the election and whether you attribute it to trump or not it doesnt matter to me i just feel with $8 trillion in a matter of 15 million untrained months is gargantuan possibilities for spending by the consumer going forward and that turns into a virtuous cycle that you really cant stop easily. eric: ...

What is it that is crazy right now? >> we might be in 1997. the last two crashes in major recessions happened because bubbles popped. it was tech stocks and 05 and 06 and 07 was real estate. we dont have a tremendous bubble but its getting close in stocks and the cripto currency thing. i dont think were quite there yet, but its getting close to the dot-com size in total value. things to watch out for. theyre based in overconfidence and over the wealth effect going too far. too much of a good thi...

So obviously we need to wait longer to see if this plays out. this is the idea. >> neil: by the way, gary, theres no delays in this tax cut that had to be phased in. everything from the expensing to the corporate relief, its all immediate. so that is why the president is hopeful to get a bang for the buck right away, right? >> exactly. by itself that is great, but you have markets doing very well. its two words, "wealth effect." people feel more wealthy. if they feel wealthy, they spend more. if...

The wealth effect is created and good things happen. >> neil: thanks, peter. a former goldman sachs partner and best-selling author there for the 1929 crash. >> thank you, a terrible day. >> neil: thank you. too many marks the 30th anniversary of that famous crash. historic parallels between now and then which well explore in greater detail. i was there to cover that. i know what your thinking. cant be old enough. thats tomorrow. nfl players, they should stand. the commissioner, the nfl, says th...

Wealthy, not the wider american public. now, the president and others will argue that the wealth effect from the market can trickle down and lift all votes for the rest of us in the form of increased i ceconomic activi and job creation. 1.5 million jobs have been added since trump was elected in november helping make the presidents case yet overall economic growth averaged 1.9% in the first six months of this year. while wages have only ticked up by 2.5% a year. figures that only hamper his case...