AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
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