The Reverse Wealth Effect

Real Clear Politics by Robert Samuelson | Nov. 25, 2008 (Opinion)

The "wealth effect" refers to the tendency of people to adjust their spending as their wealth -- concentrated heavily in housing and stocks -- changes. When wealth rises, spending strengthens; when wealth falls, spending weakens. Full Story »

Posted by Derek Hawkins

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Subjects: World, U.S., Business
Topics: Global Economy, Poverty, U.S. Economy
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Posted by: Posted by Derek Hawkins - Nov 25, 2008 - 12:34 AM PST
Reviewed by: Derek Hawkins (review), Glenn LaBauve (review)
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Edited by: Derek Hawkins - Nov 25, 2008 - 12:34 AM PST
Related Comments: Global Economy (2)

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Derek Hawkins
3.0
 by Derek Hawkins - Nov. 25, 2008
Derek posted this story.
See Full Review » (2 answers)
Glenn LaBauve
3.4
 by Glenn LaBauve - Nov. 25, 2008
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