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Detailed text transcripts for TV channel - MSNBC - 20101218:13:22:00

are you surprised by that? i m not surprise. the federal reserve s actions so far this year have helped push the stock market up and who owns stock? those rin vest hers, middle and upper earners are feeling pretty good because they ve regained a lot of the wealth that went away during the recession through home equity losses and stock market losses. so people are definitely feeling they re getting their wealth back and we are seeing lots of pick up in purchases like that, luxury items are coming back, for sure. and when we look at the shopping that has been done for the holidays, and what s to come, the retail feds ragz said lots of consumers out there were done with their holiday shopping by the second week of december. that means there s a fair amount left to come. and some people have more reason to feel optimistic. so this tax deal tells people, okay, now you know for sure your taxes will not go occupy. people know. now they don t have to worry about coming up with extra mone

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