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The Fed is completely wrong about the wealth effect - Ritholtz

Discussion in 'Fundamental Analysis' started by ForexLive, Apr 25, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Bernanke loved to tout the wealth effect The basic idea of the wealth effect is that as household wealth rises, people spend more. So if your house value goes up, you'll buy more shoes. If your stock portfolio rises, you'll take the family out to dinner.

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