Weak stock and housing markets can offer silver linings, as David Leonhardt, a columnist for The New York Times, tells Steve Inskeep.
Among the benefits of the current situation: Weaker stock and housing markets lead to more savings, while high oil prices lead to conservation.
While most investors hope for stocks to rise, the benefit mostly helps those near retirement, says Leonhardt. Those investors who are in their 20s, 30s or 40s will have decades to go before profiting from selling.
And the only people who really benefit from rapidly rising house prices are those who cash out of the market — by seriously downsizing or moving into a cheaper rental.