Listener Rebecca asks: 
Can you explain the wealth effect? We’ve had house prices rising, but people are spending less - so does that mean the wealth effect doesn’t always work?
Join Sean Aylmer & Michael Thompson as they answer listener questions.

If you have your own question for Ask Fear & Greed, get in touch via our website, LinkedIn, Instagram or Facebook!

Listener Rebecca asks:  Can you explain the wealth effect? We’ve had house prices rising, but people are spending less - so does that mean the wealth effect doesn’t always work? Join Sean Aylmer &amp; Michael Thompson as they answer listener questions. If you have your own question for Ask Fear &amp; Greed, get in touch via our <a href="https://www.google.com/url?q=http://fearandgreed.com.au&amp;sa=D&amp;source=calendar&amp;ust=1725282296595124&amp;usg=AOvVaw1PS0zPK1q7gOaYQaPRzJme">website</a>, <a href="https://www.google.com/url?q=https://www.linkedin.com/company/fear-and-greed&amp;sa=D&amp;source=calendar&amp;ust=1725282296595124&amp;usg=AOvVaw3wO_q8sBzLXAU9W5TN-H7J">LinkedIn</a>, <a href="https://www.google.com/url?q=https://www.instagram.com/fearandgreedpodcast/&amp;sa=D&amp;source=calendar&amp;ust=1725282296595124&amp;usg=AOvVaw1-qByymhaUm9-0hY9I9G7J">Instagram</a> or <a href="https://www.google.com/url?q=https://www.facebook.com/FearAndGreedPodcast&amp;sa=D&amp;source=calendar&amp;ust=1725282296595124&amp;usg=AOvVaw3gNB_ZSTgecwNDj4zcrRel">Facebook</a>!

Business news you can use. A daily business news podcast with journalists Sean Aylmer and Michael Thompson. Find out more at https://fearandgreed.com.au

Business news you can use. A daily business news podcast with journalists <a href="https://www.linkedin.com/in/sean-aylmer-9922068/" data-saferedirecturl="https://www.google.com/url?q=https://www.linkedin.com/in/sean-aylmer-9922068/&amp;source=gmail&amp;ust=1689199223540000&amp;usg=AOvVaw0wu3ezGEfBZFYspJbTTaYL">Sean Aylmer</a>&nbsp;and&nbsp;<a href="https://www.linkedin.com/in/mcwthompson/" data-saferedirecturl="https://www.google.com/url?q=https://www.linkedin.com/in/mcwthompson/&amp;source=gmail&amp;ust=1689199223540000&amp;usg=AOvVaw08pZ8jZ88rHJgCfbHkTr5k">Michael Thompson</a>.&nbsp;Find out more at&nbsp;<a href="https://protect-au.mimecast.com/s/7AmQCOMxmAtl5q0qiE-KY7?domain=fearandgreed.com.au/" data-saferedirecturl="https://www.google.com/url?q=https://protect-au.mimecast.com/s/7AmQCOMxmAtl5q0qiE-KY7?domain%3Dfearandgreed.com.au/&amp;source=gmail&amp;ust=1689199223540000&amp;usg=AOvVaw1DLq_FuqjEt3HC-ZK1704H">https://fearandgreed.com.au</a>

Fear and Greed is Australia's most popular business podcast.

FEAR & GREED | Business News

Short, sharp answers to questions about business, investing, economics or politics. 

Got a question? Share it via our website, LinkedIn, Instagram or Facebook, and get it answered by the Fear & Greed team.

Short, sharp answers to questions about business, investing, economics or politics.&nbsp;
Got a&nbsp;question? Share it via our&nbsp;<a href="https://www.google.com/url?q=http://fearandgreed.com.au&amp;sa=D&amp;source=calendar&amp;ust=1751335061469871&amp;usg=AOvVaw1HZbjwVzd0KVNX_Nj77aql">website</a>,&nbsp;<a href="https://www.google.com/url?q=https://www.linkedin.com/company/fear-and-greed&amp;sa=D&amp;source=calendar&amp;ust=1751335061469871&amp;usg=AOvVaw2idXkiO2ADJk9vNayUJoEU">LinkedIn</a>,&nbsp;<a href="https://www.google.com/url?q=https://www.instagram.com/fearandgreedpodcast/&amp;sa=D&amp;source=calendar&amp;ust=1751335061469871&amp;usg=AOvVaw2imBHzuvcQNVIjANKic57B">Instagram</a>&nbsp;or&nbsp;<a href="https://www.google.com/url?q=https://www.facebook.com/FearAndGreedPodcast&amp;sa=D&amp;source=calendar&amp;ust=1751335061469871&amp;usg=AOvVaw10gu_Ebz3IYwqq_hchg7Km">Facebook</a>, and get it answered by the Fear &amp; Greed team.

Short, sharp answers to questions about business, investing, economics or politics. 

Fear & Greed Q+A

Daily business news for people who make their own decisions, with business journalist Sean Aylmer and Michael Thompson. Find out more at https://fearandgreed.com.au

Daily business news for people who make their own decisions, with business journalist <a href="https://www.linkedin.com/in/sean-aylmer-9922068/">Sean Aylmer</a> and <a href="https://www.linkedin.com/in/mcwthompson/">Michael Thompson</a>. Find out more at <a href="https://protect-au.mimecast.com/s/7AmQCOMxmAtl5q0qiE-KY7?domain=fearandgreed.com.au/">https://fearandgreed.com.au</a>

Ask Fear & Greed: Has the wealth effect lost its power?

https://api.omny.fm/orgs/2fb3740d-3436-44af-8cc0-a91900716aa5/clips/23fbb80e-7c8b-4862-8a3d-b1da00d79201/transcript

Thursday 10 September 2026

The most expensive houses in Sydney and Melbourne have lost more than ten per cent of their value as pressure increases to lift interest rates. 
Oil prices head towards $US100 a barrel, which is bad news at the petrol bowser
Apple launches its new foldable phone
Retail wars escalate as the owner of Ghanda takes a look at KMD brands
OpenAI says a large language model has solved one of the great puzzles of mathematics

 

Hit follow on the podcast so you don’t miss the latest news, and join our free daily newsletter here. 

 

And don’t miss the latest episode of How Do They Afford That?- Your super is changing. Here's what to check. Get the episode from Apple, Spotify or anywhere you listen to podcasts.

Thursday 10 September 2026
The most expensive houses in Sydney and Melbourne have lost more than ten per cent of their value as pressure increases to lift interest rates.&nbsp;
<ul>
<li aria-level="1">Oil prices head towards $US100 a barrel, which is bad news at the petrol bowser</li>
<li aria-level="1">Apple launches its new foldable phone</li>
<li aria-level="1">Retail wars escalate as the owner of Ghanda takes a look at KMD brands</li>
<li aria-level="1">OpenAI says a large language model has solved one of the great puzzles of mathematics</li>
</ul>
&nbsp;
Hit follow on the podcast so you don&rsquo;t miss the latest news, and join our free <a href="https://fearandgreed.com.au/newsletter-signup">daily newsletter here</a>.&nbsp;
&nbsp;
And don&rsquo;t miss the latest episode of <a href="https://fearandgreed.com.au/how-do-they-afford-that-sugar-mamma-canna-campbell/">How Do They Afford That?</a> - Your super is changing. Here's what to check. Get the episode from <a href="https://podcasts.apple.com/au/podcast/how-do-they-afford-that/id1644255235">Apple</a>, <a href="https://open.spotify.com/show/1EW5WRlRh7MovSBNkk6dG8?si=b2203ec2fa934a14">Spotify</a> or anywhere you listen to podcasts.

Top end house prices drop 10pc; Apple’s foldable phone; AI solves impossible maths problem

https://api.omny.fm/orgs/2fb3740d-3436-44af-8cc0-a91900716aa5/clips/b486c84d-1f50-4102-a00b-b4c000b9c901/transcript

Frequent flyer points were once a fairly simple way for airlines to reward loyal customers. Today they sit at the centre of enormous commercial ecosystems, influencing where we shop, which cards we use and even how much we’re prepared to pay.

Sean Aylmer speaks with management consultant and loyalty expert David Maloney, author of Points: Mastering the Game of Frequent Flyers. They talk about how the points economy makes money, why Qantas has become so good at it, and the behavioural economics that keeps consumers hooked.

Frequent flyer points were once a fairly simple way for airlines to reward loyal customers. Today they sit at the centre of enormous commercial ecosystems, influencing where we shop, which cards we use and even how much we&rsquo;re prepared to pay. Sean Aylmer speaks with management consultant and loyalty expert David Maloney, author of Points: Mastering the Game of Frequent Flyers.&nbsp;They talk about how the points economy makes money, why Qantas has become so good at it, and the behavioural economics that keeps consumers hooked.

Q+A: Why Australians are hooked on points

https://api.omny.fm/orgs/2fb3740d-3436-44af-8cc0-a91900716aa5/clips/a3f01c65-2c39-4487-ab30-b4c000b9c729/transcript

This is the Fear & Greed Afternoon Report - everything you need to know about what happened in the markets, economy and world of business today, in just a few minutes.


ASX hits six-week low as oil nears $US100


Blanche d’Alpuget dies aged 82


Hastie takes aim at One Nation


Counterbid for Austal


US steps up trade war with Canada

Join our free daily newsletter here.

This is the <a href="https://fearandgreed.com.au/">Fear &amp; Greed</a> Afternoon Report - everything you need to know about what happened in the markets, economy and world of business today, in just a few minutes.
<ol>
<li aria-level="1">
ASX hits six-week low as oil nears $US100
</li>
<li aria-level="1">
Blanche d&rsquo;Alpuget dies aged 82
</li>
<li aria-level="1">
Hastie takes aim at One Nation
</li>
<li aria-level="1">
Counterbid for Austal
</li>
<li aria-level="1">
US steps up trade war with Canada
</li>
</ol>
Join our <a href="https://fearandgreed.com.au/newsletter-signup">free daily newsletter here</a>.

Afternoon Report | ASX hits six-week low

https://api.omny.fm/orgs/2fb3740d-3436-44af-8cc0-a91900716aa5/clips/bcc1d2f0-3744-4ea0-9576-b4c000745722/transcript

Ask Fear & Greed: Has the wealth effect lost its power?

In 2 playlist(s)

FEAR & GREED | Business News

Social links

Follow podcast

Recent clips