What Will Happen if the Fed Raises Rates with Danielle DiMartino Booth
Inflection Point
00:00
How Much Does the Wealth Affect Fed Policy?
The correlation between asset prices and consumer spending is a veary high correlation, rigt ike 65 or 70 %. How much does that factor in de fed policy? Because the top quintile of earners is responsible for 50% to 40% of spending. The whole idea of trickle down is, i don't know if you have any children listening, it's bulshet it just doesn't work. It doesn't happen. And so this is just a disaster for for cound of we think about as mom and pops.
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