Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
Sri Lanka Equity Forum

Discussion Forum for Stock Market Investors in Sri Lanka

සිංහල පරිවර්තනය
Submit Post
Submit Post
Market Place

Add an ad

View all ads

Latest topics

» AAIC - Profit over one billion!!!!!
by wisdom79 Today at 7:36 pm

» Positive News
by Promoney Today at 7:24 pm

» Bansei Royal Resorts BRR up 23%
by Invest-Wise Today at 4:52 pm

» BIL පුපුරා යාමට ආසන්නයි
by Winner123 Today at 4:30 pm

» Market again heading to 4800? :D
by Ahcha Today at 3:38 pm

» RAL....RAL, Renuka Agri
by nirowat Today at 3:33 pm

» Massive Fraud At AEL subsidiry
by ThilinaM Today at 2:30 pm

» Just About Prima Glass – GLAS
by KOLAA Today at 1:18 pm

» LOOKOUT FOR SIRA
by Eugine Fernando Today at 12:51 pm

» SEMB.N predictions
by 4Corners Today at 10:14 am

» FORUM POLITICIANS
by CITIZEN Today at 10:10 am

» After Advanced level what is
by lankaspeaker Today at 9:57 am

» LOTUS TOWER economy
by CITIZEN Today at 9:55 am

» PRESIDENT ELECTION
by Ahcha Today at 7:21 am

» GOOD SHARES TO BUY
by Teller Yesterday at 11:23 pm

» Why AAIC Should trade above RS.50/-
by wisdom79 Yesterday at 7:56 pm

» Stupid fucking UNP and ranils ass hole economics
by samaritan Yesterday at 7:14 pm

» KAPI (MDT Walkers PLc)
by samaritan Yesterday at 7:12 pm

» Learn To Invest Yourself.
by Asoka Samarakone Yesterday at 5:56 pm

» DIVIDEND UPDATES Link
by Beta1 Yesterday at 3:12 pm

» lOFC definitely will hit 6/-
by Teller Yesterday at 1:04 am

» Renuka managemnt Treat SH as Trash
by Sanju121 Sun Sep 15, 2019 5:36 pm

» Blue Diamonds Voting & Non Voting
by Ahcha Sun Sep 15, 2019 6:35 am

» MULL trade up possibilities
by crs Sat Sep 14, 2019 7:22 pm

» MARA marai
by SECsux Fri Sep 13, 2019 6:22 pm

» SLTL REVALUATION OF ASSETS IS ON............
by Eng Krishantha Fri Sep 13, 2019 5:06 pm

» LIOC shares
by lakmal Fri Sep 13, 2019 12:47 pm

» JKH will touch 175 very soon
by Rare Fri Sep 13, 2019 11:10 am

» ඇවන්ගාඩ් අල්ලස් නඩුවෙන් ගෝඨාභය නිදහස්
by samansilva Fri Sep 13, 2019 12:25 am

» Invest AEL and TKYO return more than 30%...
by samaritan Thu Sep 12, 2019 5:15 pm

» Watch Out for MAL.X
by Cricketman Thu Sep 12, 2019 1:56 pm

» LOOKOUT FOR GLASS
by Sanju121 Thu Sep 12, 2019 1:02 pm

» NEXT RUN LDEV
by Sanju121 Thu Sep 12, 2019 12:28 pm

» BIL. N mandatory offer at Rs 6.80
by Equityinvestor Thu Sep 12, 2019 12:05 pm

» PAP vs RAL
by Teller Thu Sep 12, 2019 11:04 am

» RAL AND KZOO
by Ahcha Thu Sep 12, 2019 10:40 am

» Look PAP Amazing company
by reyaz Thu Sep 12, 2019 10:21 am

» RENUKA CAPITAL PLC KZOO.N0000@2.80
by ThilinaM Thu Sep 12, 2019 9:56 am

» PIRAMAL GLASS (GLAS)
by Sanju121 Thu Sep 12, 2019 9:45 am

» AEL CAPITAL TRUST 24.50?
by samaritan Thu Sep 12, 2019 7:39 am

» Kzoo vs onal
by fireshelter Wed Sep 11, 2019 5:56 pm

» Still you can Enter to CFVF.N0000 :
by Trader321 Wed Sep 11, 2019 4:55 pm

» Only equity stocks are discussed here!
by reyaz Wed Sep 11, 2019 4:36 pm


You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market Talk » stock ownership is usually concentrated among the rich

stock ownership is usually concentrated among the rich

Go down  Message [Page 1 of 1]

Asoka Samarakone


Expert
Expert
stock ownership is usually concentrated among the rich
The super rich are spending less on yachts, jewellery and private jets thanks to recent falls in the stock market, Goldman Sachs says.
"We find large effects of the stock market on luxury spending," Goldman economist Daan Struyven wrote on Wednesday.
Struyven says his team's analysis is consistent with a "substantial" negative wealth effect on a measurement called the personal consumption expenditure.
The stock market and spending on luxury goods are highly correlated, so the lower the market goes, so goes spending.

That's according to Goldman Sachs economist Daan Struyven, who wrote in a note on Wednesday that the dusk of a near decade-long bull run in the US equity market will weigh heavily on spending among the wealthy, negatively impacting the world's biggest economy.

"We find large effects of the stock market on luxury spending," says Struyven, who sees a strong drop-means-rich-spend-less-on-yachts-jewellery-2019-1 between stock price changes and spending on "jewelry and watches, pleasure boats.

ruwan326

ruwan326
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Asoka Samarakone wrote:stock ownership is usually concentrated among the rich
The super rich are spending less on yachts, jewellery and private jets thanks to recent falls in the stock market, Goldman Sachs says.
"We find large effects of the stock market on luxury spending," Goldman economist Daan Struyven wrote on Wednesday.
Struyven says his team's analysis is consistent with a "substantial" negative wealth effect on a measurement called the personal consumption expenditure.
The stock market and spending on luxury goods are highly correlated, so the lower the market goes, so goes spending.

That's according to Goldman Sachs economist Daan Struyven, who wrote in a note on Wednesday that the dusk of a near decade-long bull run in the US equity market will weigh heavily on spending among the wealthy, negatively impacting the world's biggest economy.

"We find large effects of the stock market on luxury spending," says Struyven, who sees a strong drop-means-rich-spend-less-on-yachts-jewellery-2019-1 between stock price changes and spending on "jewelry and watches, pleasure boats.
Will it apply to Sri lanka??? A country run by Liars/thieves/drug dealers /murders and rapist  Shocked

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum