Weighing the Wealth Effect
In this webinar, Mark Zandi and the Moody's Analytics team discuss the impact of the wealth effect on economic expansion and quantify econometric estimates based on data from Visa and Equifax.
The "wealth effect" - the impact of changes in household wealth on consumer spending - has been instrumental to the economy's gains, with the American consumer powering the U.S. and global economies.
Forces such as surging stock and housing values are driving this, but stability will remain critical for continued growth.
Related Articles
|
Webinar-on-Demand
Moody's Analytics Webinar: U.S. Consumer Credit OutlookJoin Moody’s Analytics' Scott Hoyt and Deniz Tudor, as they discuss the current and anticipated trends in household credit conditions based on data from Equifax. |
|
Webinar-on-Demand
Trade War Update - Will Trump Push Too Far?President Trump has escalated the trade war with China, and nearly everyone has been wrong-footed by the move. |
Moody's Analytics Webinar: Trade War Update - Will Trump Push Too Far?President Trump has escalated the trade war with China, and nearly everyone has been wrong-footed by the move. |
|
Article
Weekly Market Outlook: Earnings Slump Would Unmask Dangers of High LeverageAccording to the Federal Reserve's “Financial Stability Report” of May 2019, not only has the outstanding debt of nonfinancial businesses outpaced nominal GDP during the past 10 years (or since 2008), but the growth of debt has been skewed toward riskier firms.
May 2019
Pdf
John Lonski, Yukyung Choi, Katrina Ell, Barbara Teixeira Araujo, Mark Zandi, Ryan Sweet, Michael Ferlez
|
|
Article
Trade War Update: Will Trump Push Too Far?New escalation of the U.S.-China trade war makes a number of scenarios possible, including one in which the global economy suffers recession later this year. |
|
Article
Weekly Market Outlook: Benign Default Outlook Implies Profits Will Outrun Corporate DebtA high ratio of corporate debt to GDP is tolerable as long as a material contraction of core pretax profits is avoided. History shows that the ratio of corporate debt to core pretax profits performs better at explaining high-yield defaults than does the ratio of corporate debt to GDP.
April 2019
Pdf
John Lonski, Yukyung Choi, Katrina Ell, Barbara Teixeira Araujo, Ryan Sweet, Scott Hoyt, Steven Shields
|
|
Webinar-on-Demand
Moody's Analytics Webinar: U.S. Consumer Credit OutlookListen as Moody’s Analytics Scott Hoyt and Deniz Tudor, discuss the current and anticipated trends in household credit conditions based on data from Equifax. Key topics include: |
Moody's Analytics Webinar: U.S. Consumer Credit OutlookJoin Moody’s Analytics Scott Hoyt and Deniz Tudor, as they discuss the current and anticipated trends in household credit conditions based on data from Equifax. |
Moody's Analytics Webinar: Briefing on the CCAR ScenariosThe Federal Reserve will release its scenarios for the 2019 CCAR stress test. Join Mark Zandi and Cristian deRitis as they discuss the narratives behind the Fed’s scenarios under forecasts of detailed economic variables. |
|
Webinar-on-Demand
Moody's Analytics Webinar: Briefing on the CCAR ScenariosThe Federal Reserve have released its scenarios for the 2019 CCAR stress test. Listen as Mark Zandi and Cristian deRitis discuss the narratives behind the Fed’s scenarios under forecasts of detailed economic variables. |
