When you lose five to ten trillion dollars of wealth in the economy because of the markets going down, that's got to affect the demand. Even if you don't and spot stocks in buying groceries, it's aa, people count it as wealth,. It's a perception of wealth. If your stock portfolio gos down, you feel poor, even though it's just a digits on paper. So it does a fact demand when you have the so called wealthy fact, that people feel poor, so they spent last. I would say i don't see anything intrinsically wrong with it, as long as it's used skilfully.

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