3min chapter

Ones and Tooze cover image

Why the U.S. Stock Market is Tanking

Ones and Tooze

CHAPTER

The Stock Market Isn't the Economy

Buti wanted to get into the question of why this is a problem. It does seem like a weak stock market would primarily affect the rich who have the most investments. Over er, 89 % of all equities in the united states are held by the top ten % of the wealth distribution and the top one % hold 38%. So it's really a story for them. And soyou say that this bias, this weird distorting of economic news, is a reflection of the inequalities of society. Because essentially what is being suggested is that this matters, this is the economic news, and every one should care. Whereas, in fact, what we should be much more focused on ar, you

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode