Sarah Chaney Cambon
speaker
542 appearances
17 recordings
1 series
first heard Sep 2017
last heard Feb 2023
Sarah Chaney Cambon’s voice in public audio — every appearance, attributed to the second.
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Appearances
WSJ Your Money Briefing · Worldwide Housing Price Stagnation Worries Economists · 28 Jan 2020
podcast
And so that has been kind of contributing to the slowdown in world economic growth.
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And then there's also this connection between home price growth and how consumers are feeling.
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So if I'm a homeowner and I see that the value of my home is growing slower or even declining, then I might feel less well off and spend less.
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And then that also feeds into economic growth.
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Since the last financial crisis about a decade ago, we've been in this period of really low interest rates.
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And so a lot of wealthy investors would swoop in and buy properties in cities like London, Vancouver, Tokyo.
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And so housing prices in those cities became synchronized.
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Now that we're in this period of, you know, a global slowdown and a lot of these cities have been enacting property market regulations, we've seen that those housing markets have slowed in line with one another.
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There are some different metrics that you can look at, one being household debt to GDP ratios.
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And basically what's going on there is not seeing the same sort of signs of out-of-control credit growth that we saw before the last financial crisis.
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Also, policymakers kind of have become more alert to the risks of housing bubbles and
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since the last financial crisis and banks have made it more difficult to access mortgages.
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So all of those factors kind of point to, hey, we're not exactly where we were 10 years ago.
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Yes.
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Thanks so much for having me.
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We look at all sorts of different wage metrics, and in a report released by the government on Friday, we saw that personal income, which is a measure of Americans' pre-tax earnings from wages, salaries, and investments, grew 0.5% in May.
from a month earlier, and that actually matched the strongest monthly gain so far this year.
So it shows that Americans are making more money.
In the first quarter, consumer spending, which is a major part of the U.S.
economy, it accounts for more than two-thirds of economic output.
Showing 441–460 of 542 · page 23 of 28
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