The wealth effect is the notion that changes in consumer asset values (e.g. home, investment portfolio) affect a person's confidence and willingness to spend. (fenimoreblog.com)
I'll show how consumer asset finance will be reinvented at a global scale to create a new trillion - dollar industry that doesn't exist today. (abra.com)
I believe that the student loan market, relative to other consumer asset classes, is quite opaque, adding further uncertainty about the potential spillovers into the rest of the economy. (getoutofdebt.org)