Subject: Re: State of the economy?
I'm definitely seeing a stock-market wealth-effect. Or is it a late-stage bubble effect?
A friend who didn't ever comment on markets is suddenly feeling like he has a lot more disposable income.
He commented: "Stocks have done great this last year, we're looking at Europe and a cruise".
Stocks did great the last three years, but he wasn't inclined to notice the first two.