So far, surprisingly little evidence exists that America's bull market has created much of a wealth effect.

ECONOMIST: From angst to action?

Private consumption is picking up and will continue as the wealth effect of a stock-market bull run kicks in.

CNN: ASIANOW - Asiaweek

BP's travails will undoubtedly have the same effect: we can expect a bull market in chief safety officers and chief apology officers.

ECONOMIST: Inflation in job titles is approaching Weimar levels