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The move to higher mortgage costs. The value of name and place. Inequality and the reporting of finance

The Economy, Stupid

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Misrepresentation of the Stock Market

This chapter discusses how stock market indices are not an accurate reflection of the economy for regular people and highlights the misconception that Americans with pension plans have a connection to the stock market. It also addresses the importance of presenting broad statistics about the economy, such as employment figures and inflation rates, even though they are not covered on a daily basis.

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