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Hypothesis Identification Article Analysis - David Trejo - Individual assignment - wk 1

Hypothesis Identification Article Analysis - David Trejo - Individual assignment - wk 1

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Hypothesis Identification 1 Hypothesis Identification Article Analysis David Trejo University of Phoenix RES/342 – Research and Evaluation II Dr. Lee Heinz October 26, 2009
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Hypothesis Identification 2 Hypothesis Identification Article Analysis This paper will identify and summarize the hypothesis described in the How Much Does Housing Wealth Boost Consumer Spending article (the article) written in the Economist magazine. An explanation on whether the hypothesis was rejected or accepted and what the implications of the hypothesis being accepted or rejected are. Hypothesis The article views two populations from the optimists and the pessimists point of views on whether housing wealth has a direct effect on consumer spending. The optimist, including Ben Bernanke, chairman of the Federal Reserve, views housing wealth just like any other wealth. The optimists’ point of view is that a $100 drop in wealth reduces spending by $3-$5 a year. This point of view suggests that a weakening housing market will have a rather small effect in consumer spending.
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