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Post by ck4829 on Jul 15, 2016 23:13:40 GMT
In his Friday New York Times column, Paul Krugman argued the stock market’s gains paradoxically “reflect economic weaknesses, not strengths.” This paradox exists, he claimed, because there are “three big points of slippage between stock prices and the success of the economy in general.” The first, and arguably most significant, is that stock prices reflect corporate profits, not personal incomes. The second is that they reflect little more than the availability of investments, and the third is simply that there is very little relation anymore between stock prices and actual investment. www.salon.com/2016/07/15/paul_krugman_whats_good_for_the_dow_isnt_good_for_america/
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