An excellent piece of research by Neal Soss and Henry Mo of Credit Suisse may be found in the February 13th US Economics Digest. They used classical economic theory to examine the “elasticity” of changes in housing values and changes in the stock market with respect to personal consumption. They also examined the relationship of [...] View the full post at: Elasticity, Markets, Wealth Effects Related posts: The (Mythical?) Housing Wealth Effect Would You Accept a Wealth Tax? What’s Driving the Markets Today?