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Mark Dolliver
WHAT, ME WORRY? :If Only One Could Buy Shares in the Wealth Effect
We must be such a disappointment to Alan Greenspan. He keeps taking sensible steps to keep the economy from spinning out of control; we keep spending like drunken sailors–even when the stock market drops hundreds of points at a time. A Los Angeles Times poll suggests the “wealth effect” has developed a resilience that sustains its influence even when paper profits are going up in smoke.

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