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A Housing Recession (EP.281)

Animal Spirits Podcast

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Is the Wealth Effect Negated if You Have Strong Employment?

Tamarios: The idea of the wealth effect is negated if you have strong employment. Tamarios: Unfortunately, that's what the Fed wants to screw up right now. He says US households still are on $1.7 trillion in savings. "I think we'll try to put some meat in the bones here"

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