Page 7 - Wealth Effect News Today

Market, a 4%, 5% will feel pretty high. i dont think it will get that high. i think 4%. you know what is amazing, neil? right now someone could buy a very expensive house and because rates are so low have a monthly payment much lower than someone that had a far less expensive house five, ten years ago. one of the reasons is the housing market is booming. so its critical that they dont get too high, the mortgage rates dont get too high. >> neil: your very young, susan. does this scare you off? do...

Thats helping power the u.s. economy. >> neil: you know, it looks like the federal reserve, charles, is poised to maybe raise rates a lot sooner, maybe a lot faster this year. how would that affect, you know, mortgages and the rest? some of these are pegged to market rates. so its possible that market rates stay fairly even. what do you think? >> neil: you know, its so -- im glad you brought that up. susan talked about the wealth effect. stock market, housing market. those are things that the fe...

So its a delicate balance. markets didnt like that quite a bit of room comment to raise interest rates. we are left wondering how high they will go. >> and a delicate balance for the market. the economy over the last few years has been the market and the wealth effect. you lose the wealth effect, and that is a big problem for the economy. so jay powell i think has boxed himself in. he is darned if he does and doesnt at this juncture. but i must tell you, hes got to raise rates. the last time we ...

On here? what do you think? >> theres this wealth effect. people say hey, i dont have to work anymore. look at my nest egg. you may have more money that you made in the stock market. but guess what? inflation will erode the amount of money that you made. i want another point here that is not economic. every study shows that people that work, neil are happier than people that dont work. families stay together longer. its good for the families and everybody that people are working. so this idea th...

Going to so many great things. i worry about a blow-up. i think theres a darn good reason why we have a central bank pinning rates down to 0% and printing money. its to cover the you know what of this. if rates got out of hand, it would go up markedly. markets would react. weve had this wealth effect that have helped the economy. if that heads south, trouble lies ahead. i dont hear anybody talking about it in washington d.c. >> charles: less than a minute to go. we had a shocking adp number. we ...

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

By Michael Paciotti, CFA “Speak softly and carry a big stick; you will go far.” – Theodore Roosevelt Executive Summary • With inflation continuing to press above 7% at the consumer level, markets are now pricing in an 83% probability of 6 or more 25bps rate hikes by the Fed in 2022, simultaneously imparting aRead More

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

The wealth gap rises: Billionaires got more billions, the bottom half of Americans got peanuts and inflation.

Lack of inventory, work from home flexibility, low interest rates, a build-up in wealth will propel cottage prices higher into the future.