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Wealth Effect fades

Started by Brooks2
over 14 years ago
Posts: 2970
Member since: Aug 2011
Discussion about
http://www.bloomberg.com/news/2011-12-08/falling-mortgage-debt-erodes-spending-as-wealth-effect-fades.html
Response by jason10006
over 14 years ago
Posts: 5257
Member since: Jan 2009

interesting.

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Response by Riversider
over 14 years ago
Posts: 13573
Member since: Apr 2009

Country is de-leveraging. During the boom years borrowing was substituting for income to compensate for stagnant wages.

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Response by jason10006
over 14 years ago
Posts: 5257
Member since: Jan 2009

Yup.

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Response by huntersburg
over 14 years ago
Posts: 11329
Member since: Nov 2010

Is a one word response indicative of mental impairment?

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