Lawrence Gillum
speaker
421 appearances
23 recordings
3 series
first heard Mar 2024
last heard yesterday
Lawrence Gillum’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 22 in all, peaking in Sep 2026 with 6.
Appearances
The average refund will increase by about $800 this year, says David Kelly, chief strategist at JPMorgan Asset Management.
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He says the bulk of that will go to people with lower incomes who are more likely to spend it.
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Kelly says he expects all of that consumer spending to push up GDP in the first half of the year.
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But he doesn't expect a lasting impact on the economy.
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Meanwhile, Kelly says the Trump administration's immigration restrictions will counteract many of the benefits of last year's tax law.
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He says those restrictions are shrinking the workforce, and that can put the brakes on business spending.
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Bond says as the Trump administration forcibly removes workers from the U.S.
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and discourages new ones from entering, it's harder for consumers, native or foreign-born, to get the services they need.
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And a shrinking workforce will make it harder for people to spend money on goods and services and for the economy to produce them.
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JPMorgan Chase expects that GDP growth will slow from a 3% annual rate in the first half of the year to about 1% by the fourth quarter.
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I'm Justin Ho for Marketplace.
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The Wealth Effect is all about the assets that wealthy people own.
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Stocks, homes, savings accounts, crypto.
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Those assets can literally allow people to spend more money.
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For instance, you can borrow against your home equity.
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And just owning assets can have a psychological effect on people.
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That's Gabriel Chodorow-Reich, an economics professor at Harvard who studied the Wealth Effect.
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Chodorow-Reich says that kind of spending can have ripple effects.
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He found that in times when stocks are rising, local employment tends to pick up in wealthier regions, especially at businesses where wealthy people spend money.
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The risk here, Grein says, is the wealth effect propping up the economy over the long run.
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Showing 341–360 of 421 · page 18 of 22
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