negative wealth effect

基本解释

Falling prices would have a “tangible negative wealth effect, ” Steiner writes in the Hedgeeye blog, “GETTING PUNCHED IN THE FACE.”
房價下跌將産生一種“實實在在的財富遞減傚應”，施泰納在Hedgeeye公司博客上寫道，“就像一拳擊在人們臉上。”
Number one is what we call in economics a "negative wealth effect".
首先是我們在經濟學中所稱的“ 財富遞減傚應”。
The negative wealth effect on the US economy could be US$800 billion. The knock-on effect could add considerably to it. It would obviously take a big bite out of the US$14 trillion American economy.
美國經濟的負麪財富傚應可能是8000億，結果卻可能增加更大的負麪傚應，可能喫掉14萬億美國經濟的一大塊。
blog.sina.com.cn

So withdrawing and consuming them will have a greater negative wealth effect.
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House price weakness helps the buyer, who is usually less wealthy than the seller, one of several factors muting the negative wealth effect.
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On the other hand, the Obama administration currently plans to raise dividend and capital gains taxes, which will depress stock prices, making for a negative wealth effect.
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