Page 15 - Wealth Effect News Today

Profits thing is the story. the money is disappearing into a sinkhole. yeah. dean has been arguing that excess saving is not our problem and i was sort of picking up from him. >> actually i take a different position. i think stick lits was onto something. we did see the reintroduce. you dead did see a rise in profit sharing. paul is absolutely right. my argument is we had a different regime, that what we had was the fed lowered interest rates. they felt comfortable lowering interest rates. he wa...

Prices will go up. >> gregg: home builder confidence the highest in six and a half years. how does the housing market help to grow and improve our economy? >> its huge. it was the real estate bubble that got us into this whole mess. if there is some improvement in that that will definitely help the economy. it will help unemployment. people cant move to where the jobs are because they cant sell their homes. its also the wealth effect that people have, feel their homes are worth more, they will s...

(laughter) >> and the points, that romney is going to have a lot of problems, kind of jonas alludes to, getting rid of a lot of these deductions. theres a lot of special interest, but its the special interest that are kind of mucking up the economy. the government should not be in the housing business or pushing people into the housing business. thats exactly what the mortgage interest deduction does. and every industry and every service rely on a level playing field and that will unleash the po...

Home prices up 4.6% in august from a year ago. the largest year-over-year gain in six years. august marked the sixth consecutive month home prices rose in the united states. lets go to cnbcs jeff cutmore, live in london. >> good morning. you know how the saying goes, if theres a wealth effect in the housing market you get the trickle down. thats what were talking about in this segment. weve seen this number coming out of core logic. they are suggesting a sharp rebound in home prices. it looks go...

Why voters seem more bullish on the economy than you might anticipate they would be. >> let me break it down. >> break it down. >> theres two ways of looking at it. one is, the economy is bad. the unemployment is way too high. gdp growth is slow is a really disappointing. wed like it much stronger. on the other hand, there is this relative way of looking at it compared to other crises, compared to whats going on in europe, compared to whats going on in china where you have to be impressed by the...

Persistently. this wealth effect is not widely spread throughout the society, that the income gap is spreading. >> right. and the long-term unemployed problem is terrible. were not short of economic problems. im not sheer to proclaim that you know suddenly were robust again. but if you want to understand why the presidents doing better in the polls, apart from the campaign and whos running a better campaign, i think its rooted to economic facts, which is modest upturns in a number of the indicat...

We know that a lot of folks cannot get those low rates because they dont have the credit or down payment. a lot of them are paying all cash. the good news is its not all investors as weve seen over the past year. its generic, regular home buyers coming back in the market. the investor share of sales dropped in august. the share of homes below $100,000 dropped dramatically in august as well and keeps going down. less foreclosures on the market means the upper end, the mid-250 to $500,000 range in...

Income statistics that came out last week, that were pretty lousy, the only age group that saw an increase in their income was senior citizens buzz they are not in the workforce but they get their income from the benefits of government and such. but heres the problem with your guys analysis though. it is true that theres a wealth effect in terms of higher stock market values. the housing market hasnt done much at all, but the bigger problem is when you look at the wage issue, steve. and thats wh...

If you retire, those people -- >> clearly, its the wealth. in fact, if you look at the income statistics that came out last week, that were pretty lousy, the only age group that saw an increase in their income were senior citizens, who are not in the workforce but they get they are income from the benefits of government and such. but heres the problem with your guys analysis though. it is true that theres a wealth effect in terms of higher stock market values. the housing market hasnt done much ...

Lousy, the only age group that saw an increase in their income were senior citizens, who are not in the workforce, but heres the problem with your guys analysis though. it is true that theres a wealth effect in terms of higher stock market values. the housing market hasnt done much at all, but the bigger problem is when you look at the wage issue, steve. thats where o has a steep incline. wages are down 4,000 for the average family. >> youre piling on. heres president obama speaking about the tj...