Volatile Markets, Wealth Effect a Double-Edged Sword for Consumer Spending
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The wealth effect giveth, and it taketh away. This week’s stock market volatility, and especially Friday (April 12)’s plummet in the wake of big bank earnings, shines a light on the value of stock market holdings. Specifically, it highlights who holds those holdings, and what it all means when we feel flush with cash, until […]

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