Page 8 - Wealth Effect News Today

So i believe he follows the markets a lot more closely than the economy because theres something called the wealth effect. since bernanke, we built up the wealth effect that has driven economic growth. if we lose that, that is one big lynchpin that goes away. so hes really targeting something like that. thats why were talking 2023 before raising any rates, which unfortunately for the average investor gets zero% on their money markeds. thats a shame also, my friend. >> it is. gary kaltbaum. the r...

Why Australias property prices will continue to soar Posted SunSunday 14 updated SunSunday 14 FebFebruary 2021 at 9:51pm Real estate agents have been busy in recent times as the property market continues to prosper. ( Share Print text only With COVID-19 restrictions, only a handful are allowed in at a time. The queues, for units in particular, stretch down the stairwells and spill outside. In some regional areas, particularly coastal locales, the situation has reached fever pitch. Regional pr...

You dont want to overstate it heard what you think? >> there could be some of these numbers that change. consumers -- two-thirds of the best economy. its up and down over the last many months. there is something called the wealth effect when markets go up in the economy is doing fine. people feel better. that tends to reverberate down into the economy as people are spending more. >> neil: i like the analogy someone else was using on fox business today. when the boss is happy, im happy. if they a...

All economy. there are other factors at play. neil: what about record low unemployment levels? >> we also have underemployment at work and people working jobs -- neil: which is better than it was in 2016. >> it is absolutely better. whether that will continue through november 2020 is a separate issue. we have to understand there is the wealth effect where people are feeling better about their financial position because they are looking at their 401(k) and retirement accounts and those are up but...

Mortar stores. steve: fight over a flat screen. >> we were supposed to be shopping online. today is cyber monday. this is the day we are all suppose to have had go shop online. i think we will aided by this terrible weather that we have got. we are going to be up to 9.4, $9.5 billion worth of online sales just today cyber monday. terrific start to a booming holiday season. brian: when you talk about so saturday was small business. friday was today is supposed to be. >> cyber monday. brian: tuesd...

Can afford to spend more this holiday season. the wealth effect. steve: its good news-bad news thing. people are spending more money. at the same time they are doing so much online, the person down the street, the brick and mortar store, you know, not as many people went in on thursday and friday. which means they are buying online. >> i just want to point out the contrast here. you have a boonelling trump economy. terrific holiday sales. and what have we got in washington, d.c.? these boring he...

The wealth effect and the trickle-down effect. you feel good, you spend money. >> the most recent sentiment never had a lot of striking parts. the one that caught my eye, folks expect to make a 4% raise. that will be monumental. could we be getting in over our skis? it will be too optimistic about 2020? >> i think one of the biggest drivers of sentiment is how you feel about your job. people feel that job opportunities are plentiful. only 10% of americans feel that they cannot switch. when you f...

Behind the curve. by the time they decide this disaster, you can see there already on fire. not talking about tax cuts, joe biden is saying a tax increase typically to capital gains. we shouldnt be giving them any more breaks. the stock market is a great equalizer, most people watching the show are investing in the stock market through a 401(k) on the round and also its a reflection of society. if the stock market were to start to fall back, it would mitigate strong jobs market. it doesnt matter...

We saw a retail sales. we saw walmarts number. yesterday, target stock was up 20%. can consumers stay this strong too much longer? >> frances: well, my contention is that if we have defaults in the credit market, we are going to see deflation. >> charles: but what about the american consumer? thats two-thirds of the economy. it feels like they have been doing all the heavy lifting. >> frances: no, its absolutely true. thats going to affect some spending down the road. >> charles: right. thats th...

Not just the tariffs. the big story is the back and forth on the tariffs that the market sits and waits and hears something and it changes. the markets were set up to correct a little bit, but i think this really lit it up. i have to tell you, since the news came out, the dow is down 1,450 points. apple is down 115 billion of wealth. so if he was determined to do something that world work, we just lost trillions of the wealth effect because of the markets. i have a sneaking suspicion theres more...