Capital Growth, page-56

  1. nippy
    11,172 Posts.
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    20/06/24
    10:43
    Post #: 74404816
    Of course, there is and some are still spending too that have excess $$.

    It is called 'the wealth effect'.

    The wealth effect can disappear over night with a stock market crash and the purses get shut and stay shut. Then the recession really kicks in and things get grim.

    Over night - not months.
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