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TIP488: Current Market Conditions W/ Richard Duncan
We Study Billionaires - The Investor’s Podcast Network
Are the Markets Just Way Ahead of the Real Economy?
A record number of people were employed in August, which seems to suggest that we're a long way from the Fed having an employer unemployment as an excuse to ease. So are the markets just way ahead of the real economy in this case? Or what do you think is driving this disconnect between the real economy and the markets today? I believe the credit growth drives economic growth, but liquidity determines which way the asset prices move - most basically when the Fed is creating a lot of money then asset prices tend to go up. And when the Fed starts destroying as it's doing now, it takes money out of the financial markets and asset Prices tend to go down.
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