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Tag Archives: Wealth Effect
Consequences Of Jack Asset Monetary Policy
You have to own assets to make it in the New Economy. Pity the younger generations. Check out the growing wealth disparity in the below chart, which is clearly the result of monetary policy. The Fed’s increasing reliance on the … Continue reading
Posted in Economics, Monetary Policy, Uncategorized
Tagged Wealth Distribution, Wealth Effect
44 Comments
The New Economy
In 1999, I called one of my professors from graduate school who taught monetary theory. Let’s call him Joe. Here’s a short summary of the conversation: Me: Professor Joe, can you believe how big this stock market bubble has grown? … Continue reading
China Obsessed With Wealth Effect
We discussed the increasing role of the “wealth effect” in U.S. monetary policy and a key driver of aggregate demand in out last post, The Gold-Bond Correlation And Other Macro Observations. Nothing compared to China, however. Why are investments so … Continue reading
America’s Bubble Dependent Economy
Interesting chart (which we marked up) from the JEC of the U.S. Congress illustrating household net worth as a percent personal income. If that doesn’t look like a head and shoulders formation in the making, nothing does! The second chart … Continue reading
Posted in Economics, Employment, Politics, Wages
Tagged Household Net Worth, Personal Income, Wealth Effect
7 Comments
Jeremy Grantham CNBC Interview
Run don’t walk to CNBC’s extended interview with Jeremy Grantham, chief investment strategist at Grantham Mayo Van Otterloo (GMO). Click here for the interview. He begins commenting on the Fed’s attempt to stimulate growth through the “wealth effect,” noting that … Continue reading
Posted in BRICs, China, Commodities, Crude Oil, Currency, Equities, Gold, Monetary Policy, Policy, Whales
Tagged Equites, Jeremy Grantham, Wealth Effect
1 Comment