With the stock market selling off in recent weeks, Goldman Sachs is warning that wealthy households will feel some of the pain. According to a report in Bloomberg, citing a research report Goldman Sachs Economist Daan Struyven penned on Tuesday (Jan. 15), the economist warned...
The wealth effect is in full force, it seems. The Wall Street Journal reported Monday (Jan. 29) that stock prices, levitating as they are, and stronger employment data have prompted Americans to open their wallets. And yet, all that spending means less saving for retirement....
Stocks are at or near record highs, giving rise to an outsized wealth effect. But some banks are seeing new highs in sour loans. Two stories of consumption, two paths to ponder in the details.
The Dow has crossed a 20,000 point threshold. What might that mean for consumers feeling flush?
January 16, 2019
With the stock market selling off in recent weeks, Goldman Sachs is warning that wealthy households will feel some of the pain. According to a report in Bloomberg, citing a research report Goldman Sachs Economist Daan Struyven penned on Tuesday (Jan. 15), the economist warned that the declining stock market could result in half a […]
January 30, 2018
The wealth effect is in full force, it seems. The Wall Street Journal reported Monday (Jan. 29) that stock prices, levitating as they are, and stronger employment data have prompted...
January 26, 2017
The Dow has crossed a 20,000 point threshold. What might that mean for consumers feeling flush?
December 01, 2016
What to make of the economic data that shows strength in the U.S. economy — so much strength that it means a rate hike is coming, right on the ostensible...
