A recent survey by Generation Lab found that more than 8 in 10 young adults rate economic conditions in the U.S. as either bad or terrible. The survey, conducted April 26-29, found that 55 percent …
By the stock market being based on pseudoscientific algorithms and the feelings of ultra-rich people, not objective reality.
Everything else could be falling apart, and the stock market could still be doing well as long as the 1% are telling each other that it is.
Conversely, when the real world is doing objectively better because of economic empowerment of poor and merely “comfortable” to regular amounts of rich people, that’s BAD for the stock market since it makes the people shaping it super nervous.
By the stock market being based on pseudoscientific algorithms and the feelings of ultra-rich people, not objective reality.
Everything else could be falling apart, and the stock market could still be doing well as long as the 1% are telling each other that it is.
Conversely, when the real world is doing objectively better because of economic empowerment of poor and merely “comfortable” to regular amounts of rich people, that’s BAD for the stock market since it makes the people shaping it super nervous.