Page 5 - Wealth Effect News Today

Closing the income gap for minorities in the financial planning industry is a top priority for Mark Delp at Impact Wealth Management.

Are we leaping too far? >> well, look, thats huge. mortgage rates went from nothing up to 7%. as i said, the ten year, which is tied to mortgages had dropped. that will definitely provide some tail wind also. also, the good news is oil prices have come down a lot. that said, i just think theres a lot more going on. weve lost trillions in the reverse wealth effect. the economy was living off of the reverse wealth effect for a long time. we have the opposite on many fronts. theres a lot bigger thi...

Dream, isnt it? but you know? it is the australian dream, isnt it?— you know? it is the australian dream, isnt it? but prices are fallina. dream, isnt it? but prices are falling- sydney. _ dream, isnt it? but prices are falling. sydney, australias- falling. sydney, australias most expensive city is having some of the sharpest designs. —— clients. the reserve bank wants to bring high inflation back under control, but rising interest rates have stung the housing markets. we interest rates ha...

Kaltbaum, who has a lot riding on that. gary, what do you think? should we worry now that after all these hikes, its not doing the trick? >> very much so. not only is the wealth effect in reverse, everything we worried about on how sticky inflation can be when it really hits -- and im not talking about just going up, but really hits -- how it sticks doesnt go away, worsens over time. were seeing it in droves. and its like the movie "the gremlins." one goes away, two pop up. you see the price of ...

Closing high yesterday, neil, and the combination of unaffordability with mortgage rates going up is now hitting the other little park, and that is the housing market. another part of the reverse wealth effect. every night i go on zillow, realtor.com, i go in about 15 city, and very simply, what i am seeing are a lot of arrows down now. that is people not wanting to, but having to lower prices. every night im seeing more houses come on to inventory. every night im seeing pending sales going by t...

Will -- closely, neil, because i think that could be the next shoe to drop. i have little prediction in my mind that were going to see 5% in the next six months unemployment because once it starts heading the other way, it goes quickly. i really hope im wrong about it because then were dealing with real trouble. and what i believe is recessionary environment right now, well go into a deep recession. thats the last thing we want to see. and, again, i really do believe that the wealth effect on th...

To prepare for what will be a much tougher economic backdrop in the year ahead? get out of debt. get your personal debt lower, better you will be. have income, buy dividend payers, have income in case the worst case happens, you lose your job issue get cut in hours. were seeing layoffs begin in financial services, technology, job cuts, freezing, hiring is upon haing that will only increase. >> bill: dow 30,000 number were flirting with it again, it affects the mentality of a lot of people who in...

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

Some ways their path is made both more easy and more difficult, easier and more difficult by these numbers. they definitely have to keep hiking, no question, because, you know, we are seeing strong inflation, we are seeing that in wages, which is something that, you know, we want more money in peoples pockets but you also dont want an overheated labor market. theyre going to be hiking. that, in turn, could bring the stock market down. more individuals are invested in the stock market today than ...

Spending was just about zero so consumers are running fast, but its like they are running on a treadmill. they are not getting anyplace because the more they spend, the more inflation takes away, the more they earn, the more inflation takes away. >> and a lot of people are talking about their retirement accounts. whats wall street doing with all of this? >> yeah. well, right now wall street seems fairly at ease with what the fed is doing. we saw that again yesterday and they are comfortable that...