2min chapter

Animal Spirits Podcast cover image

Good News is Bad News (EP.260)

Animal Spirits Podcast

CHAPTER

Is the Stock Market in Denial?

There have been recessions in the past where we didn't get a forty % plunge in the stock market and only fell 20 % because of the way things are set up. I don't kow if the stock marketis in denial, or maybe i'm just very wrong, and none of this transpires. This looks good to me. Look, wages chart from the new york times. Since two thousand 19, wages are up a ton. Inflation is up a lot too. But guess what? Those things go hand in hand. One of the reasons that inflation is higher is cause wages are up. Unfortunately, you can't get a situation where inflation stays low and wages just

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