RE: "Stock Market and the Real Economy"

[Basil Moore <bmoore@xxxxxxxxxxxxxxxxx>]

Lonnie or anyone else
does anyone know if there been an official effort, by the BEA or any other
agency, eg the Fed. to publish a broader Disposable Income series,
including capital gain income from asset revaluations?  For such a series
unrealized capital gains would appear as "Saving".
Basil Moore

At 09:53 PM 3/14/00 -0800, you wrote:
>At 11:12 AM 3/14/00 -0500, you wrote:
>>I would like to break into this discussion by noting that none of the
>>empirical evidence so far has found any significant real effect of
>>rising stock market prices--whether through investment spending or the
>>wealth effect on consumption.
>>
>>Lonnie K. Stevans
>>acslks@xxxxxxxxxxx
>>
>  Surely, the ability of entrepreneurs to raise copious quantities
>  of money is aided and abetted by the high stock market prices.
>  Also, the ability of new companies (dot.coms) to acquire old
>  companies (AOL-Times/Warner) is possible because of high,
>  and perhaps distorted, stock prices.
>
>  And my friends and I are admitting to spending more freely because
>  our stocks held directly and indirectly make our net worth higher,
>  even if a temporary illusion.
>
>  How did someone look for that "empirical evidence"?
>
>         Mason Clark
>