Op-ed: The market is not out of touch with reality, it's just showing how the economy has changed

  • 📰 CNBC
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 72%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

The stock market still reflects what is going on in the economy, even as it has rebounded from its lows amid dismal economic data.

The market is betting that the recovery will leave the economy permanently altered and digitized at a pace faster than previously anticipated.Al Bello

We know unemployment will likely eclipse the 24.9% peak witnessed at the very depths of the Great Depression in 1933. That has clearly "fixed" the plumbing of the financial markets, allowing for liquidity to flow, credit markets to re-open to corporate borrowers and individuals to access various aspects of social safety nets that, at least partially, offset the loss of personal income and spending power.The stock market, in more important ways, currently does reflect what is going on in the economy in real time.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Unemployment at all time highs, companies won't make predictions on the next quarter and travel has almost completely shutdown. And all of these factors except, the fed came in and propped up businesses for the short term. When they open up and nobody shows up, what then?

Yes so true 40 million jobless claims by June. Yes to new highs! Reflecting the reality Woohoopop. Whoop whoop stonks

The market is way out of touch with reality. The market irrational exuberance is going to suffer a real shock tomorrow when the job numbers from April are going to be shown.

Another over paid shill for the Wall Street demons conning the public to have their retirement funds stolen.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines