Page 30 - Wealth Effect News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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. we're not short of economic problems. i'm not sheer to proclaim that you know suddenly we're robust again. but if you want to understand why the president's doing better in the polls, apart from the campaign and who's running a better campaign, i think it's rooted to economic facts, which is modest upturns in a number of the indicators. >> steve rattner with real facts, thank you very much. love the charts. with todd akin ...

We know that a lot of folks cannot get those low rates because they don't have the credit or down payment. a lot of them are paying all cash. the good news is it's not all investors as we've seen over the past year. it's 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 homes is coming back. that's what we needed to see. when we talk about confidence, it's about h...

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 here's the problem with your guys' analysis though. it is true that there's a wealth effect in terms of higher stock market values. the housing market hasn't done much at all, but the bigger problem is when you look at the wage issue, steve. and that's where i think obama has a steep decline. wages are down 4,000 for the average family. >> you're p...

If you retire, those people -- >> clearly, it's 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 here's the problem with your guys' analysis though. it is true that there's a wealth effect in terms of higher stock market values. the housing market hasn't done much at all, but the bigger problem is when you look at the wage issue, steve. and that's where i th...

Lousy, the only age group that saw an increase in their income were senior citizens, who are not in the workforce, but here's the problem with your guy's analysis though. it is true that there's a wealth effect in terms of higher stock market values. the housing market hasn't done much at all, but the bigger problem is when you look at the wage issue, steve. that's where o has a steep incline. wages are down 4,000 for the average family. >> you're piling on. here's president obama speaking about the tjobs numbers in new hampshire. >> today, we learned that after losing around 800,000 jobs a mo...