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Remember the so-called wealth factor? In the good old 1990s, it boosted consumer spending as Americans used part of their stock-market gains to treat themselves. Then, when the market turned downwards, the not-so-much-wealth factor dampened shoppers’ animal spirits. Now that the books are closed on 2004, which tendency (if either) will affect the consumer marketplace?
A poll by Rasmussen Reports suggests investors are more likely than not to feel they’re prospering. Sixty-eight percent of respondents said their personal portfolios are worth more now than a year ago, vs.
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