Nope, but I'm not sure. Hence the poll.
US unemployment is now around 13%, the highest since the Great Depression. Yet the stock indexes continue to creep up. What's your favored explanation?
-
-
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Beacuse we know its not fundamental economic problems that created the unemployment, like 2008
-
Seems like folks not having jobs or income is kind of a fundamental economic problem.
- 1 more reply
New conversation -
-
-
the stock market is not a measure of the health of the economy. It is a ledger of bets made by hyper wealthy stakeholders that public companies will do whatever is necessary--to whomever is required--in order to maximize shareholder value.
-
Sure. But the shutdowns are going to make it harder for companies to do that. They don't operate in a vacuum. Duplicity only goes so far.
End of conversation
New conversation -
-
-
Wall Street got bailed out, that's why. They have plenty of money.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
'Flight to quality' by the (32 trillion?) the Panama Papers uncovered. US markets bad, others worse. (Also perhaps a flight from China's general sphere of influence.) 32-- https://www.google.com/search?rlz=1C1GGLS_en-USUS293US303&ei=EM6UXrzNA8rbtAbR1pPICg&q=panama+papers+32+trillion&oq=panama+papers+32+trillion&gs_lcp=CgZwc3ktYWIQAzoECAAQR0oJCBcSBTEyLTQySggIGBIEMTItM1C8EVi8EWC7FGgAcAJ4AIABVIgBVJIBATGYAQCgAQGqAQdnd3Mtd2l6&sclient=psy-ab&ved=0ahUKEwi8lZKqoeboAhXKLc0KHVHrBKkQ4dUDCAw&uact=5 … .. flight to quality phrase, generally, https://en.wikipedia.org/wiki/Flight-to-quality … ..
-
(Also there may very well be a resurgence of inflation, a massive resurgence. In which case cash ~is~ trash. A possibility that Arnold Kling, who is usually right about a lot of things, argues. Lots of stimulus money chasing few supply chain goods?)
- 1 more reply
New conversation -
-
-
Stocks reflect general investor sentiment of how things will be in six months.
-
I think this is it. Increasing stock prices could just mean that people now think things will be less bad than they did a month ago.
End of conversation
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.